TSMC profit jumps amid AI boom

TSMC reported a record quarterly profit of $18.2 billion on Thursday, significantly beating analyst estimates.

The company's growth is being fueled by the massive build-out of AI data centers by major customers like Apple and Nvidia.

Management downplayed concerns about the impact of the Iran war on global supply chains, instead focusing on ramping up production capacity to meet demand.

TSMC now expects its 2026 revenue to grow by more than 30%, signaling that the artificial intelligence investment boom remains robust.