Taiwan Semiconductor Manufacturing Co. (TSM) shares will likely remain in the spotlight ahead of the contract chipmaker’s fourth quarter earnings report due Thursday before the opening bell, with investors expecting artificial intelligence (AI)-driven demand to fuel results.
Analysts expect the Taiwanese chip giant to post a quarterly profit of $11.4 billion, boosted by surging demand for advanced silicon used in AI infrastructure, Reuters reported. Investors will likely have high expectations after the company reported a 34% jump in 2024 sales.
The chipmaker’s outlook and capital expenditure (CapEx) will likely come under close scrutiny as the company continues to spend billions on new factories amid the potential for export curbs and tariffs under the incoming Trump administration.
TSMC stock gained 80% in 2024 and traded around 5% higher since the start of the year through Friday’s close. Shares in the company were 3.5% lower in recent trading Monday amid a broader decline in chip stocks.
…