Apple iPhone Duo Has 82-Day Lead Time: Analyst Names Tech Giant 'Eventual' AI Winner
Strong lead times and demand for the Apple iPhone Duo foldable smartphone have one analyst seeing more upside for the stock.
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Strong lead times and demand for the Apple iPhone Duo foldable smartphone have one analyst seeing more upside for the stock.
Taiwan Semiconductor Manufacturing (TSMC) reported strong Q3 results with 41.2% revenue growth and 68.7% net income increase. The key highlight is that high-performance computing (HPC) now accounts for 68% of quarterly revenue and is growing faster than overall business at 22% sequentially. This reflects strong AI infrastructure demand, with advanced manufacturing processes (7nm and smaller) representing 79% of wafer revenue, positioning TSMC as a critical beneficiary of ongoing AI investment.
Taiwan Semiconductor Manufacturing (TSMC) reported a blowout Q3 quarter with 41% revenue growth and 69% profit growth, driven by robust AI chip demand. CEO C.C. Wei indicated that AI revenue growth could exceed the previously guided 50% CAGR through 2029. Trading at 18x forward 2027 earnings, analysts project potential 50% upside if the company meets expectations and maintains current valuation multiples, positioning TSMC as a top AI investment opportunity.
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The article argues that Taiwan Semiconductor Manufacturing (TSMC) offers better long-term AI investment potential than Nvidia and Micron through 2030. While Nvidia faces competition from custom chips developed by hyperscalers and Micron faces cyclical memory market pressures, TSMC benefits from its foundry position serving all chip architectures. TSMC's Q3 earnings showed 41% YoY revenue growth with 66.4% gross margins, positioning it to capitalize on the broader evolution of AI workloads beyond just training models.
The SOX index is on track to snap an 8-day losing streak, its longest since October 2008. Nasdaq 100 stocks added nearly $500 billion.