Taiwan Semiconductor Manufacturing Co. (TSMC) has reported a slowdown in monthly revenue growth, fuelling debate about the long-term viability of the AI boom. October sales increased by 16.9%, the slowest pace since February 2024. Despite this, TSMC's shares have increased by 37% since the start of the year.
Concerns have emerged following a recent slump in Asian technology shares, prompting warnings from Wall Street CEOs about a potential market correction. Scion Asset Management has also disclosed bearish bets on Nvidia. However, major players like Meta, Alphabet, Amazon, and Microsoft are planning to increase AI spending by 21% next year, investing over $400 billion collectively. Nvidia's CEO remains optimistic, having met with TSMC's CEO to discuss increasing chip supply. TSMC remains a key supplier to Nvidia, AMD, Qualcomm, and Apple.
