TLDR
- Taiwan Semiconductor stock surged 71% in six months on AI chip manufacturing growth
- TSMC reports Q3 earnings October 16 with expected revenue of $32.4 billion
- ASML stock gained 42% as semiconductor equipment demand increases
- IonQ pursues quantum computing breakthrough with trapped-ion technology
- SoundHound AI revenue jumped 217% as voice-first AI platform gains traction
Taiwan Semiconductor Manufacturing Company prepares to release third quarter results on October 16. The foundry giant expects revenue of $32.4 billion at the midpoint of guidance. This represents 39% growth compared to the same period last year.
TSMC stock has climbed 71% over the past six months. The company manufactures chips for Nvidia, AMD, Apple, Qualcomm, and other major technology firms. AI chip demand has driven the strong performance as data centers expand capacity.
Market research firm TechNavio forecasts the AI chip market will add $902 billion in revenue through 2029. Consulting firm Bain & Company estimates AI compute demand will exceed supply until the end of the decade. TSMC trades at 24 times forward earnings heading into the earnings release.
ASML (ASML) Stock: Equipment Sales Support Growth
ASML reports third quarter earnings on October 15. The semiconductor equipment maker has guided for revenue of 7.65 billion euros. The company supplies advanced lithography machines that foundries use to manufacture cutting-edge chips.
ASML stock has gained 42% in the last six months. Customers include TSMC, Intel, and Micron. Management previously expressed concern about tariff impacts but stated effects have been lower than expected.
Industry association SEMI projects advanced chipmaking capacity will increase 69% by 2028. ASML holds a dominant position in advanced manufacturing equipment. The stock trades at 31 times forward earnings.
IonQ (IONQ) Stock: Quantum Computing Development
IonQ focuses on quantum computing using trapped-ion technology. The company uses actual atoms instead of fabricated qubits to deliver more stable results. It has developed Clifford Noise Reduction software to reduce logical error rates.
The company generated $28.3 million in revenue through the first half of 2025. It produced negative free cash flow of $89 million during the same period. IonQ recently demonstrated it can convert photons into telecom wavelengths for quantum networking over existing fiber infrastructure.
SoundHound AI (SOUN) Stock: Voice AI Platform Expansion
SoundHound AI revenue increased 217% year-over-year to $42.7 million in the most recent quarter. The company has evolved from music recognition into a voice-first AI platform. Management expects to reach adjusted EBITDA profitability by the end of 2025.
The Amelia 7.0 platform allows AI agents to plan and execute tasks through natural conversation. SoundHound technology processes speech-to-meaning and deep-meaning understanding in real time. The company is transitioning 15 of its largest customers to the new platform.
SoundHound acquired Amelia to add conversational intelligence and industry-specific knowledge. The voice-first approach targets call center and customer service automation. Competition in AI agents remains intense across the technology sector.
