TSMC profits jump amid AI boom

TSMC's revenue reached record levels as it ramps up production for major clients like Apple and Nvidia.

However, the company also warned of potential long-term impacts from the Iran war, which has disrupted global supply chains and increased energy costs.

Executives noted that the company is maintaining its high capital expenditure plans to stay ahead in the semiconductor race.

The strong results have provided a boost to technology shares worldwide, even as some analysts worry about the durability of the current AI-driven rally.