WS #12202
TSMC reports record Q2 profit (+77% YoY) and raises 2026 revenue growth forecast to >40%, but chip sector sells off on capex concerns, creating divergence between fundamentals and price action. China's CAC approves Apple Intelligence for iPhone; Apple partners with Alibaba (Qwen model) and Baidu for AI features in China, ending a two-year regulatory wait. Oracle stock hits a new 52-week low, contrasting with the broader AI-driven tech rally and raising questions about its AI capex returns.
TSMC Record Earnings & Chip Sector Rotation
TSMC reports record Q2 profit (+77% YoY) and raises 2026 revenue growth forecast to >40%, but chip sector sells off on capex concerns, creating divergence between fundamentals and price action.
China's CAC approves Apple Intelligence for iPhone; Apple partners with Alibaba (Qwen model) and Baidu for AI features in China, ending a two-year regulatory wait.
Oracle stock hits a new 52-week low, contrasting with the broader AI-driven tech rally and raising questions about its AI capex returns.