Taiwanese semiconductor giant TSMC's sales rose 16.9 percent in October, the lowest sales growth since February 2024.
However, sales are in line with market expectations for the current quarter. TSMC is a supplier to Apple and Nvidia, among others, and is one of the most highly valued companies in the world. However, concerns have recently been raised that many of the players connected to AI are overvalued, resulting in strong price reactions.
However, TSMC has resisted and the company's stock is up just over 50 percent in the past six months.
