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DeepNewz, mobile.
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Taiwan's economy is benefiting from the global demand for AI-related hardware, leading to an economic recovery and record highs in the stock market. Companies like TSMC and Broadcom are experiencing significant growth in revenue due to strong AI demand, with TSMC's sales rising to a record high in February. TSMC predicts that AI revenue will continue to grow substantially in the coming years.
TSMC $TSM said earlier this year that its AI revenue is growing around 50% annually and should account for a high-teen percentage of revenue by 2027. $NVDA $AMD $AVGO
TSMC’s $TSM February sales rose 11.3% to a record high on strong AI demand, pulling its revenue for the first two months of 2024 up 9.4% YoY to $12.6B. $NVDA $AMD $AVGO $QCOM $AAPL
📈🇹🇼 Taiwan's shares are soaring to record highs thanks to the AI boom! Tech and semiconductor companies are thriving, with the rally predicted to thrust even further ahead. https://t.co/xBAWNMBaGM
