Semiconductor stocks climbed sharply on Thursday after TSMC raised its annual revenue forecast and reported record profits, citing booming demand for artificial intelligence hardware.
The Taiwanese chip giant, which supplies Nvidia and Apple, now expects mid-30% revenue growth in 2025, highlighting strong momentum in AI-driven semiconductor demand. The results boosted investor confidence across the tech sector, with analysts calling the growth “structural, not cyclical.”
Shares of Micron Technology jumped 4%, Broadcom rose 2.4%, Marvell Technology gained 1.3%, and Nvidia added 1.2%, while Samsung Electronics closed up 2.8% in Seoul.
The rally followed a series of billion-dollar deals that underscored Wall Street’s appetite for AI infrastructure, including BlackRock’s $40 billion purchase of Aligned Data Centers and an OpenAI–Broadcom pact to build 10 gigawatts of custom AI chips.
TSMC’s bullish tone adds to a growing consensus that demand for AI servers and high-performance computing chips will remain strong well beyond the current cycle. Meanwhile, Salesforce’s forecast of over $60 billion in 2030 revenue, driven by AI integration, signals the technology’s widening influence across industries.
