TSMC posted record Q2 revenue of $40.2B and raised its 2026 growth outlook above 40%, signaling sustained AI chip demand with major implications for crypto

TSMC raised its 2026 capex forecast to $60-64 billion from $52-56 billion. Record revenue was not enough. The Nasdaq 100 fell 1.4%. The chip index is down 19%.

TSMC posted record Q2 revenue of $40.2B and raised its 2026 growth outlook above 40%, signaling sustained AI chip demand with major implications for crypto