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TSMC Raises Revenue Outlook Amid AI Chip Demand
Taiwan Semiconductor Manufacturing Company (TSMC) has raised its 2026 revenue outlook despite a global selloff in AI chip stocks, including Nvidia and AMD. The company reported record third-quarter revenue of $46.72 billion, surpassing estimates, and a 41.2% year-over-year increase. TSMC forecasts fourth-quarter revenue of $52.3 billion to $54.3 billion, driven by high-performance computing and rising AI chip demand.