(April 10): Taiwan Semiconductor Manufacturing Co (TSMC) reported a 35% increase in quarterly revenue, suggesting global artificial intelligence (AI) chip demand remained intact during the first weeks of war in the Middle East. TSMC and AI customers such as Nvidia also face increasing scepticism that they can keep growing at current rates. "TSMC’s 1Q results are likely to beat the guidance midpoint — and consensus — given sustained strong demand for 3- and 5-nanometer nodes used in AI accelerators and networking-chip production. Another item to watch will be if sustained, multiyear AI chip demand and strength in leading-edge nodes supports raising the long-term gross-margin target above 58%," says Charles Shum, analyst at Boomberg Intelligence. Shares of Nvidia are down 1.4% this year even after the global AI chip leader delivered an outlook that beat estimates, on top of a 73% jump in quarterly revenue.

Source: The Edge Markets April 10, 2026 07:36 UTC