Taiwan Semiconductor Manufacturing Co.’s quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of AI hardware spending will extend into 2025.

The world’s largest contract chipmaker reported a 39 per cent rise in October-December revenue to US$26.3 billion.

It is crucial that TSMC serves as the leader in charge of the AI revolution. The company makes some of the world's most advanced microchips, which power products from Silicon Valley giants like Apple's (AAPL,

TSMC’s market value nearly doubled last year, and it now trades in the US at a valuation close to US$1.1 trillion. However, some investors worry about when the AI boom would peter out. While TSMC’s revenue beat, it was just 1.6 percent higher than the average projection and fell short of the most bullish analyst expectations.

Yet with 1.79 million vehicle sales in 2024, the Cybertruck isn't relied on heavily when it comes to overall financial performance. The energy sector has started 2025 strongly, after lagging the market for the past two years.

Taiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst estimates as the company continues to get a boost from the AI boom. TSMC manufacturers semiconductors for some of the world's biggest companies from Apple to Nvidia.