This article first appeared on GuruFocus. AI infrastructure shares rallied on Wednesday, as CoreWeave's latest results gave investors fresh evidence that demand for computing capacity remains strong. CoreWeave (CRWV) jumped 15% after reporting a record $132.5 billion revenue backlog for the third quarter, a 138% increase from a year earlier. The company also expects to collect roughly $9 billion in customer prepayments and deposits over the next three months. Is TSM fairly valued? Test your thesis with our free DCF calculator.TSM GF Value chart The results lifted sentiment across the chip sector. Advanced Micro Devices (NASDAQ:AMD) climbed 5.3%, while Taiwan Semiconductor Manufacturing (NYSE:TSM) gained 5%.
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