TSMC Stock Jumps 7% as Microsoft Revives AI-Chip Trade

EarningsIndustry Impact 4
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Taiwan Semiconductor Manufacturing shares jumped approximately 7% in Thursday's U.S. regular-session trading as Microsoft's results renewed investor confidence in AI infrastructure demand. The Philadelphia Semiconductor Index increased approximately 6.7%, on course to end a five-session decline. Microsoft reported 43% Azure growth and maintained its underlying data-center expansion plans despite lowering its reported capital-spending forecast through an accounting change. TSMC generated second-quarter revenue of $40.2 billion, a 36% year-over-year increase in New Taiwan dollar terms, with a gross margin of 67.7% and an operating margin of 60.3%, both exceeding the upper ends of its earlier guidance ranges. Management expects third-quarter revenue between $44.6 billion and $45.8 billion, with a gross margin ranging from 65% to 67%, and the midpoint of the revenue forecast represents approximately 12.4% sequential growth from the second-quarter result.

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Microsoft Corporation
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Microsoft reported 43% Azure growth and maintained data-center expansion plans, signaling strong AI infrastructure demand that benefits its cloud business.

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