Taiwan Semiconductor Manufacturing Corp. executives may have slapped down some of Wall Street's euphoria over artificial intelligence, reflected in the...
Taiwan Semiconductor Manufacturing Corp. executives may have slapped down some of Wall Street’s euphoria over artificial intelligence, reflected in the recent runup in the stock prices of several chip makers, with cautious comments about the sustainability of the current demand for AI chips.
“The short-term frenzy about the AI demand definitely cannot extrapolate for the long term,” TSMC Chairman Mark Liu told analysts on a conference call. “Neither can we predict the near future, meaning next year, how the sudden demand will continue or will flatten out.” “Management has run its own models and projects a 50% CAGR for its AI revenue and expects it to reach a low-teens percentage of the total [revenue] by 2028,” said Needham & Co. analyst Charles Shi in a note to clients. “No more details wereSeveral semiconductor stocks fell in reaction, including shares of high-flyer Nvidia Corp. NVDA , which is currently one of the biggest early winners in the AI arms race.
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