{"id":578175,"date":"2026-04-11T16:05:27","date_gmt":"2026-04-11T16:05:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/578175\/"},"modified":"2026-04-11T16:05:27","modified_gmt":"2026-04-11T16:05:27","slug":"tsmcs-ai-fuelled-sales-surge-puts-tariff-fears-in-the-shade","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/578175\/","title":{"rendered":"TSMC’s AI-fuelled sales surge puts tariff fears in the shade"},"content":{"rendered":"

\"TSMC's TSMC’s AI-fuelled sales surge puts tariff fears in the shade Proactive uses images sourced from Shutterstock <\/p>\n

Wedbush’s bullish read on TSMC’s March numbers reveals a chipmaker so deeply embedded in the AI supply chain that macro headwinds are struggling to leave a mark.<\/p>\n

The headline numbers from Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM)<\/a> were strong by any measure, with March revenues rising 45% year on year to NT$415.19 billion and the first quarter coming in around 2% ahead of consensus, but Wedbush argues the more significant signal lies in what the results reveal about the structural demand underneath them.<\/p>\n

Advanced node chip production, the bleeding-edge manufacturing that only TSMC can reliably deliver at scale, is running at capacity, and Wedbush sees nothing in the order books to suggest that changes through 2026.<\/p>\n

That matters because TSMC sits at the intersection of every major technology theme driving markets right now, supplying chips for artificial intelligence accelerators, next-generation smartphones, and the data centre build-out that is consuming capital at a pace that has surprised even its most bullish observers.<\/p>\n

Wedbush’s read-through analysis for Nvidia is particularly striking, with the broker suggesting TSMC’s management has once again structured output in a way that positions Nvidia to beat its own quarterly forecasts, a pattern that has repeated itself consistently over the past two years.<\/p>\n

The Apple signal is arguably just as significant in the near term, given broader anxiety about consumer electronics demand in a tariff-disrupted environment.<\/p>\n

Wedbush says industry conversations this week point to year-on-year iPhone unit growth, a notably resilient outcome at a moment when memory shortages and price pressures are squeezing most of the handset industry.<\/p>\n

For TSMC itself, the currency picture merits attention: the Taiwan dollar came in around 1.2% weaker against the US dollar in March than in February, which is modestly helpful for margins given that TSMC’s revenues are predominantly dollar-denominated while its costs are largely in local currency.<\/p>\n

Wedbush notes that for each 1% move in exchange rates, TSMC’s gross margins are affected by approximately 0.4 percentage points, making the current weak Taiwan dollar environment a quiet tailwind as the company targets a full-year gross margin of around 63.7%.<\/p>\n

The broker’s 2026 revenue estimate of NT$5,000 billion implies growth of around 31% on last year’s NT$3,809 billion, a trajectory it believes is underpinned by the continued structural shift toward more compute-intensive AI workloads rather than a cyclical rebound in conventional semiconductor demand.<\/p>\n

Wedbush reiterates its outperform rating and NT$2,200 price target, implying upside of around 13% from the current level.<\/p>\n","protected":false},"excerpt":{"rendered":"TSMC’s AI-fuelled sales surge puts tariff fears in the shade Proactive uses images sourced from Shutterstock Wedbush’s bullish…\n","protected":false},"author":2,"featured_media":578176,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,18313,49066,74,18312,30440],"class_list":{"0":"post-578175","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-taiwan-dollar","12":"tag-taiwan-semiconductor-manufacturing-co","13":"tag-technology","14":"tag-tsmc","15":"tag-wedbush"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/578175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=578175"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/578175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/578176"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=578175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=578175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=578175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}