[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio89280df2":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio89280df2","台积电(TSM)第三季度收入超预期-韦德布什看好AI驱动下增长前景-维持“跑赢大盘”评级","\u002Fdoc\u002Fdcio89280df2","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网获悉，台积电(TSM)第三季度营收表现超出市场预期，进一步凸显人工智能(AI)芯片需求的强劲增长势头。美国投资银行韦德布什证券(Wedbush Securities)认为，台积电最新公布的营收数据为第四季度业绩前景释放积极信号，并继续将其视为布局AI长期增长趋势的优质投资标的。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>作为全球最大的晶圆代工企业，台积电公布的第三季度营收达到创纪录的1.49万亿新台币(约合467.1亿美元)，同比增长50%，高于伦敦证券交易所集团(LSEG)SmartEstimate预测的1.46万亿新台币，也超过公司此前给出的446亿至458亿美元营收指引区间。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>韦德布什分析师Matt Bryson在报告中指出，尽管台积电在AI热潮期间一直能够小幅超越自身业绩指引，此次超预期幅度略高于往常。例如，上一季度营收超出预期的幅度仅约为1%。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Bryson表示，由于第三季度美元兑新台币汇率基本符合公司此前指引所采用的32.0水平，汇率因素对业绩的影响相对中性，因此营收超预期主要反映了业务本身的强劲表现。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>在此背景下，该行预计，台积电第三季度毛利率至少能够达到此前65%至67%指引区间的中值，即66%，并有望超过该机构自身的66%预测。相比之下，市场普遍预期为66.5%。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Bryson认为，随着营收超出预期，台积电的产能利用率可能进一步改善，从而对毛利率形成支撑。考虑到公司历来倾向于提供相对保守的业绩指引，实际盈利能力也可能好于此前预期。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>对于台积电的长期投资价值，该行继续保持乐观。Bryson指出，台积电在全球最先进芯片制造领域拥有近乎垄断的市场地位，而目前主要AI技术发展路线均高度依赖其先进制程产能。这使台积电能够持续受益于AI芯片需求增长。他表示“鉴于台积电在尖端芯片制造领域近乎垄断的地位，以及当前所有主要AI发展路线都依赖台积电，我们仍认为该股是投资未来AI主导时代最优质、最稳健的方式之一。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Bryson维持台积电“跑赢大盘”评级，并给予其台股3000新台币的目标价。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>台积电计划于10月15日公布完整的第三季度财务业绩，并发布最新业绩指引。届时，投资者将重点关注公司的毛利率表现、先进制程产能利用率，以及管理层对第四季度AI芯片需求和营收增长的最新判断。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 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href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":71,"summaryHtml":76,"aboutTitle":77,"aboutHtml":78,"copyrightHtml":79},[44,47,50,53,56,59,62,65,68],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fvip",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"AI智能体","\u002FAiAgent",{"label":60,"url":61},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":63,"url":64},"美股课程","\u002Fcol\u002Fvideos",{"label":66,"url":67},"免责声明","\u002Fdisclaimer",{"label":69,"url":70},"联系我们","\u002FContactUs",[72,73,74,75],"\u002Fimages\u002Ffooter\u002Ffooter-1-wechat.gif?v=20260930c","\u002Fimages\u002Ffooter\u002Ffooter-2-telegram.png?v=20260930c","\u002Fimages\u002Ffooter\u002Ffooter-3-whatsapp.png?v=20260930c","\u002Fimages\u002Ffooter\u002Ffooter-4-line.png?v=20260930c","邮箱: buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]