TSMC Posts Record Profit but Raises Capex, Prompting Sell-off in AI and Chip Stocks
Taiwan Semiconductor Manufacturing reported record Q2 net profit and raised full-year revenue guidance on robust AI demand, yet investors reacted negatively to a substantially higher 2026 capital expenditure plan and near-term margin pressure. The company's expanded U.S. investment and guidance for lower second-half gross margins contributed to a '…