AI hardware requirements are “resistant to falling” verification! TSM.US revenue surged 45% in July, market fluctuations did not change resilience

The Zhitong Finance App learned that TSM.US (TSM.US), a leading global chip manufacturer, recently released revenue data for July, showing that demand for AI hardware is still strong and has not been clearly impacted by recent market shocks. As a core chip supplier for Nvidia (NVDA.US) and Apple (AAPL.US), TSMC's monthly revenue reached NT$467.58 billion (approximately US$14.5 billion), an increase of 45% over the previous year. Analysts on average expect TSMC's revenue to increase by about 46.8% this quarter.

TSMC raised its annual capital expenditure and revenue guidelines last month, demonstrating its confidence that demand for AI chips will continue to grow rapidly until 2027 and beyond. The company currently expects a record capital expenditure of 60 billion to 64 billion US dollars in 2026, and the annual revenue growth rate (in US dollars) is expected to be slightly more than 40%.

Technology sector valuations declined under pressure in July due to concerns about data center overcapacity and continued market concerns about whether trillions of dollars of investment in the AI sector could bring impressive returns. TSMC's stock price has retreated about 5% from its high in late June, but has accumulated a cumulative increase of more than 50% since the beginning of the year.

Meanwhile, the four main players in the data center competition — Alphabet (GOOGL.US), Meta (META.US), Microsoft (MSFT.US), and Amazon (AMZN.US) — have promised to invest nearly $2.4 trillion in AI-related fields over the next few years, indicating that the wave of AI infrastructure investment is still on the rise.