TSMC is trading 3.4% down at $253.77 after reporting record Q2 earnings that were overshadowed by a significant hike in long-term capital expenditure guidance.
- The company posted a record net profit of $22 billion and revenue growth above 30%, but raised its 2026 capex forecast to $60–64 billion.
- An additional $100 billion commitment to U.S. expansion has sparked concerns over future margins and the sustainability of AI infrastructure returns.
- The aggressive spending plans contributed to broader semiconductor sector volatility as investors reassess the cost of maintaining market leadership.