Taiwan Semiconductor Manufacturing reported a 58% increase in first-quarter net profit, driven by strong orders for AI chips from clients such as Nvidia and Apple. The company also raised its capital expenditure forecast to a range of $52 billion to $56 billion. Despite these positive results, the company's share price declined as market expectations had been set even higher. Following its earnings report, ASML also experienced a drop in its stock price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments