TSMC predicts even higher revenue jump of 61% in Q4 after another quarter of record profits

Crypto Insight Summary: Taiwan Semiconductor Manufacturing Co. (TSMC) reported record third-quarter profit on Thursday and forecast further growth in the current quarter, with revenue potentially climbing as much as 61% year over year on sustained demand for AI chips. The company expects Q4 revenue of $52.3 billion to $54.3 billion, representing a 55% to 61% increase from the... Crypto Insight Analysis: Direction: Bullish AI / Neutral BTC / Neutral ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: TSMC's AI chip demand surge suggests growing AI infrastructure investment, benefiting AI tokens while having limited direct crypto market impact.