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Jesse Cohen: Taiwan Semiconductor posts record $23.55 billion Q3 net profit, lifts sales growth forecast

Jesse Cohen: Taiwan Semiconductor posts record $23.55 billion Q3 net profit, lifts sales growth forecast
Taiwan Semiconductor reports record profit rise

Taiwan Semiconductor, the world's largest manufacturer of AI chips, reported a record third-quarter net profit of $23.55 billion, representing a 69% increase year-over-year.

Jesse Cohen, identified as a Senior Markets Analyst at Investing.com, noted that the company also raised its full-year sales growth forecast, attributing this to the ongoing AI mega trend. Taiwan Semiconductor's main customers include AMD.

Cohen previously highlighted a sharp drop in South Korea's Kospi Index, which fell nearly 4 percent overnight. In another report, he noted that SK Hynix shares declined 10% in Korea trading, erasing $85 billion in market value. Both events reflect heightened market sensitivity to developments in the semiconductor sector.

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