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33 days

TSMC's second-quarter profit soars nearly 61% as AI chip demand stays strong

1. TSMC's Q2 profit jumped 61% year-on-year, exceeding forecasts. 2. Strong demand for AI chips drives TSMC's growth. 3. Potential U.S. tariffs pose risks for TSMC's operations. 4. Trade relations between U.S. and China may impact TSMC's market. 5. TSMC's revenue reached NT$933.80 billion, above estimates.

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FAQ

Why Bullish?

Strong profit growth and AI demand support TSMC's market position. Historically, similar growth has positively affected stock prices.

How important is it?

Earnings beat and AI demand are critical for TSMC's future profitability and market valuation.

Why Short Term?

Immediate effects from quarterly earnings are typically reflected quickly in stock prices.

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