TSMC surges as AI-fueled Q2 beats, guidance tops forecasts
TSMC stock jumped over 6% after Q2FY25 EPS rose 61% YoY to $2.47/ADR, beating estimates. Revenue hit $30.07 billion, driven by strong AI and HPC demand, with advanced chips making up 74% of wafer sales. The firm guided Q3 revenue of $31.8B-$33 billion. Gross margin stood at 58.6%. Retail sentiment turned extremely bullish, with traders eyeing a rally to $250.
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