Nigel Green
A 58% jump in TSMC’s quarterly profit, announced on April 16, should change how investors think about the AI economy. Those numbers are not speculative, based on projections or optimistic. They’re realized profits, delivered here and now. A fourth consecutive quarter of record revenue reinforces the point. Advanced chips accounting for roughly 75% of wafer revenue make it even clearer.
I see this as a signal that the global conversation around AI is still missing where a lot of the real money is being made. Most of the attention remains fixed on the companies building AI models and applications. That narrative is dominated by the US, specifically Silicon Valley, where breakthroughs are announced and valuations are built around future potential.
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