TSMC beats first-quarter revenue and profit expectations on strong chip demand

SAP's CFO Dominik Asam said the advent of artificial intelligence has "propelled the story of the transformation to the cloud," resulting in an uptick on a constant currency basis by 25% in the company's cloud revenue. Europe’s biggest software firm rose the most since January after posting record growth in expected revenue from its cloud services over the next year.

Shares of Taiwan Semiconductor Manufacturing Company (TSM) trading lower in Thursday's pre-market session. Shares of the chipmaker are trading lower despite the company forecasting a 30% surge in second-quarter sales. This dip in stock price comes on the heels of TSMC reporting its biggest yearly profit gain.

Taiwan Semiconductor Manufacturing Co. expects revenue to rise as much as about 30% this quarter. AI development is boosting demand for the advanced chips it makes for the likes of Nvidia Corp. TSMC says it's working to meet demand for advanced chips for likes of Tesla's Elon Musk.

TSMC beats first-quarter revenue and profit expectations on strong AI chip demand. TSMC is the world's largest producer of advanced processors and counts companies such as Nvidia and Apple as its clients. Apple and Nvidia are among the clients TSMC counts as clients.

Taiwan Semiconductor Manufacturing Co. posted its first profit rise in a year. Strong AI demand revived growth at the world’s biggest contract chipmaker. TSMC posts first profit growth in a a year after strong AI demand revives growth at TSCM.

Taiwan Semiconductor Manufacturing Co set to report 5% rise in first-quarter profit on strong AI chip demand. The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand.

The world’s largest chipmaker recorded a rise in first-quarter income and revenue, driven by demand for AI-related chips. TSMC surpasses profit forecasts as it rides high on surging AI demand. The chipmaker is the world's largest chip maker.

Taiwan Semiconductor Manufacturing Co expected to report a 5% rise in first-quarter profit on Thursday. The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand.

TSMC posts fastest monthly revenue growth since 2022 on AI chip boom. TSMC posted a surge in revenue in March as it cashes in on a continuing artificial intelligence boom powered by high-end chips. The chipmaker posted the fastest monthly growth in March since 2002.