TSMC's monthly revenue grew 34%, demonstrating continued strong global demand for cutting-edge AI chips. TSMC reported total revenue of NT$335.8 billion (US$11.1 billion) last month. Analysts generally expect TSMC's September quarter revenue to grow by approximately 25%. TSMC's continued growth supports investors' view that AI spending will remain high for years to come, driving widespread adoption of the technology. Oracle shares hit a record high on Tuesday after the company gave a strong outlook for its cloud business, fueling expectations for accelerated AI infrastructure development. Last week, Broadcom (AVGO.O) shares rose on reports that the company had secured orders exceeding US$10 billion for chips developed in partnership with OpenAI.