TSMC (TSM) Stock: Slides 2.81% Despite 68.7% Profit Surge and 50.9% Revenue Growth

TLDR TSM stock slides 2.81% to $417.99 despite TSMC’s powerful quarterly earnings. TSMC’s quarterly profit jumps 68.7%, while revenue surges 50.9% year over year. Advanced chipmaking nodes account for 79% of wafer revenue, led by 3nm chips. TSMC projects Q4 revenue of 52.3B–54.3B as demand for leading-edge chips grows. TSMC’s 2nm chip process accounts for [...]

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