Tech
TSMC monthly sales growth slows as AI demand moderates
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Taiwan Semiconductor Manufacturing Co. reported slowing growth in its revenue in October, potentially another indication that AI demand is moderating as the market turns frothy.
Sales in October rose 16.9%, the slowest pace since February 2024. Analysts on average expect TSMC sales to increase 27.4% in the current quarter. Still, TSMC shares have gained about 37% since the beginning of this year.
Global tech stocks suffered a rout last week on investors’ growing unease over the sector’s sky-high valuations, with Wall Street chief executives warning…
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