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Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock is trading higher Tuesday as the artificial intelligence tailwinds keep blowing from every end.
ASML Holding (NASDAQ:ASML) anticipates nearly €5 billion in orders in the second quarter, driven by Taiwan Semiconductor’s demand for AI chip production tools. Taiwan Semiconductor’s robust orders for ASML’s EUV product line are set to boost ASML’s second-quarter order value above consensus estimates.
Super Micro Computer Inc (NASDAQ:SMCI) CEO Charles Liang in an interview with CNBC’s Jim Cramer on Monday expressed optimism about the AI server company’s growth trajectory, stating, “this AI revolution can be bigger even than the industrial revolution.”
Taiwan Semiconductor is expected to report a 30% increase in second-quarter profits, driven by high AI demand. The projected net profit is about $7.25 billion, as revenue rises 32% to $20.7 billion.
Taiwan Semiconductor stock gained over 82% year-to-date. Investors can gain exposure to the stock through Vanguard FTSE Emerging Markets ETF (NYSE:VWO) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV).
Price Action: TSM shares traded higher by 1.65% to $188.27 premarket at the last check Tuesday.
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