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.

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.