TSMC Reports Record Q2 Profit, Exceeds Estimates Despite Stock Decline
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) reported a record second-quarter net income of $22 billion, surpassing Wall Street estimates and marking the fifth consecutive quarter with record earnings. The company's stock initially rose 1.23% but later declined despite strong financial performance driven by AI demand.
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Topics: AI demand Q2 earnings stock performance TSMC