TSMC Gains on Q2 Earnings, Revenue Beat Amid AI Chip Boom

Key TakeawaysTaiwan Semiconductor Manufacturing Company reported second-quarter results that beat analysts' estimates amid surging demand for artificial intelligence chips.Sales rose 40% year-over-year, while profits rose 36%, with the company projecting continued growth for the third quarter.TSMC shares gained Thursday morning following the release, a day after TSMC and other semiconductor stocks tumbled on worries about how stricter trade restrictions and geopolitical tensions could affect the semiconduct ...