TSMC Reports Oct. 15. It's the Best Early Read on Nvidia's Next Quarter.
The AI chip giant won't report for weeks. What can its chipmaker's results show investors first?
Overview
Nvidia (NASDAQ:NVDA) likely won't post its fiscal third-quarter results until November. Last year, the artificial intelligence (AI) chip leader put out the same quarter's numbers on Nov. 19.
But investors will see the demand behind that quarter long before then. Taiwan Semiconductor Manufacturing (NYSE:TSM), which makes Nvidia's chips, reports its third-quarter results on Thursday, Oct. 15. And TSMC's quarter ran from July through September, covering around two of the three months in Nvidia's fiscal quarter, which closes in late October.
Details
TSMC has guided for third-quarter revenue of $44.6 billion to $45.8 billion. At the midpoint, that would be 12% higher than the second quarter and 37% more than a year before.
Source
Originally published at www.fool.com.