TSMC Revenue Growth Accelerated Faster Than Expected Last Quarter. Here's Why It's My Top AI Chip Stock to Buy.

TSMC reported Q3 revenue of $46.7 billion, up 41% year-over-year and exceeding both management guidance and analyst expectations. The growth is driven by robust AI chip demand, rapid 2-nanometer production ramp-up with premium pricing, and massive capacity expansions. Trading at 27x earnings with a strong competitive moat, TSMC is positioned for sustained mid-20s revenue growth through 2029.