TSMC Q2 Profit Seen Surging 59% to Record on AI Boom
NVDA sits 29% above its 52-week low of $164.07.
Summary
TSMC is expected to report a 59% jump in Q2 net profit to T$632.6 billion ($19.65B), driven by insatiable AI chip demand. Revenue already rose 36% to a record, beating forecasts. As the sole manufacturer of NVIDIA's most advanced AI chips, TSMC's results and guidance are a direct read-through for NVDA's near-term trajectory. The earnings call later today will be closely watched for raised full-year revenue outlook and any increase to capex, signaling management's confidence in sustained AI infrastructure spending. This follows NVIDIA's own blowout Q1 and strong guidance, reinforcing the AI demand narrative.
At the time of this announcement, NVDA was trading at $211.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.1T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.