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Bernstein said that continued growth in AI demand and resilient demand for high-end smartphones may continue to drive TSMC's (TSM.N) revenue growth. Bernstein analysts noted that, based on monthly revenue data, TSMC's third-quarter revenue reached NT$1.49 trillion, 3% above the market consensus. The firm expects TSMC's full-year revenue in U.S. dollar terms to grow 41% this year. The analysts said TSMC will release its full third-quarter financial report on Thursday, and investors will focus on the ramp-up of its 2-nanometer process capacity, the possibility of further expansion in the United States, and its outlook for 2027. Bernstein believes there is upside potential to its previous forecast that TSMC's revenue will grow 30% annually in 2027 and 2028.