Taiwan Semiconductor Manufacturing Company's (TSM) shares fell 2% despite strong quarterly results, as a sector-wide sell-off weighed on the contract chipmaker. TSMC reported a sixth straight quarter of record profits, with the company's bottom line jumping nearly 69% while revenue surged 51%. The Taiwan-based contract chip manufacturer's sales are expected to reach as much as $54.3 billion for its current quarter, beating analyst estimates.(Yahoo Finance) "Demand for our leading-edge technologies continue to be extremely robust," TSMC CEO C.C. Wei said during the call. "We observe increasing AI demand fueled by the rising adoption of agentic AI as we transition from chatbot to AI assistance." Third quarter gross margin was 66.4%, down from 67.
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