🔴 TSMC is trading 3.8% down today after record Q2 earnings and massive U.S. capex plans

TSMC is trading 3.8% down at $403.74 following record Q2 results and the announcement of massive new U.S. investment plans.

• Quarterly profit jumped on strong AI-chip demand, but investors are engaging in profit-taking after a significant prior run-up.
• The market is reacting to larger-than-expected U.S. spending commitments and a high bar for future AI growth expectations.
• Despite the price dip, the company reported record-breaking quarterly performance driven by the global semiconductor boom.