台积电连续第六个季度创下纪录，利润增长68.7%，营业利润率58.7%，高于约58%的预期，第四季度营收指引为523亿至543亿美元（环比+14%，同比+58%）。芯片股承压令市场反应平淡，但需求超过供给，AI芯片转型应会提振未来利润率与销售。
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此外，今天区域性银行和TSM释放了部分利润。
Then, in addition, some profits were released today by regional banks and TSM.
Simi，我们接着看台湾。这似乎又是一个创纪录的季度，但这不足以改变当前的局面。所以，芯片股面临压力，也许这就是你看到TSM反应平淡的原因。
Let's move on to Taiwan, Simi. It appears to have been another record quarter , but it is not enough to bring about a change in the current situation. So, there is pressure on chip stocks, and perhaps that is why you are seeing a lackluster reaction from TSM.
但台湾积体电路制造公司会提供这些月度销售数据更新。所以，这里没有什么大的意外。不过这家芯片制造商连续第六个季度实现创纪录利润，本报告季度较年初至今水平增长了68.7%。因此，营业利润率达到58.7%。
这高于预期，预期约为58%。他们预计第四季度营收在523亿美元至543亿美元之间。这意味着环比增长14%，较去年同期增长58%。
But Taiwan Semiconductor Manufacturing Company provides those monthly updates regarding sales. So, there are no big surprises here . But the chipmaker posted record profits for the sixth consecutive quarter, with a 68.7% increase in the reported quarter compared to year-to-date levels .
Therefore, operating margins reached 58.7%. That was higher than expectations, which were at around 58% . They projected fourth-quarter revenues of between US$52.3 billion and US$54.3 billion.
This represents a sequential increase of 14 % and 58% compared to last year's levels.
所以，正如我之前提到的，对台湾积体电路制造公司来说，这不仅仅是一个AI的故事、一个建设的故事和一个需求端的故事。但我们看到芯片股面临很大压力，也许这就是你看到这种平淡反应的原因。
So, as I mentioned earlier, this is not just an AI story, a building story, and a demand-side story for Taiwan Semiconductor Manufacturing Company. But we are seeing a lot of pressure on chip stocks, and perhaps that is why you are seeing this lackluster response.
记住，这只是一小部分，但这是市场目前的方向。如果你看他们更大的芯片，也就是更大纳米的芯片和传统品牌，你会发现它们仍占其营收的大部分，但他们向先进AI芯片的转型将在未来提升其利润率和销售额。销售在持续，或者说，现阶段需求仍然超过供应。
Remember that this is just a small part, but this is the direction the market is currently heading. If you look at their larger chips , i.e., the larger nanometer chips and traditional brands, you will find that they still make up the majority of their revenue, but their move towards advanced AI chips will boost their profit margins and sales in the future.
Sales are continuing, or rather, demand still exceeds supply at this stage.
这个频道对 $TSM 的历次判断
Schwab Network 在这只股票上共 4 条判断，这里只列相邻的几条。