TSMC's solid results bode well for one of its largest customers, which currently dominates the market for AI chips.

Nvidia CEO Jensen Huang admitted Wednesday that Nvidia was 100% at fault for a design flaw in the company's new Blackwell AI chips. The flaw has been fixed and the chips are now in production.

Taiwan Semiconductor Manufacturing Company (TSMC) said on Tuesday it has informed the United States of a potential attempt by Huawei to circumvent U.S. export controls prohibiting the chipmaker from producing AI chips for the Chinese company.

The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.

TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in artificial intelligence (AI).

TSMC's blockbuster results should be a welcome surprise to investors after ASML's earnings sent semiconductor stocks tumbling earlier this week.

Nvidia (NVDA) CEO Jensen Huang says a flaw in Blackwell AI chips that impacted production has been fixed with TSMC’s (TSM) help and the issue was “100% Nvidia’s fault,” Reuters’ Jacob Gronholt-Pedersen and Supantha Mukherjee report.

Taiwan Semiconductor Manufacturing Company (TSMC) said it has informed the United States of a potential attempt to have it manufacture AI chips for China's Huawei in circumvention of export controls,

The Rosenblatt analyst reiterated a Buy rating on Apple with a target price of $261. Smartphone upgrade rates for Verizon, AT&T, and T-Mobile have declined, but analysts remain optimistic about future sales due to anticipated AI advancements.

Nvidia CEO Jensen Huang reveals that the Blackwell architecture powering AI GPUs did have design issues, but they're a thing of the past.