TSMC Revenue Surges on Strong AI Chip Demand Despite Tech Selloff

TSMC experienced a significant revenue increase in July, exceeding predictions and suggesting a strong demand for AI chips. This positive performance is notable despite a recent tech market decline fueled by doubts about the long-term potential of AI. As a major chip supplier for prominent tech companies like Apple, Nvidia, and AMD, TSMC`s results are seen as a key indicator of AI`s trajectory. While concerns about the global economy and the pace of AI development have caused market fluctuations, some investors view this as a buying opportunity, highlighting the ongoing debate surrounding the future of AI.