#TSMCQ2NetProfitSurges77% *Title: TSMC Q2 Net Profit Surges 77%*
The AI chip king just dropped massive numbers.
*What happened:*
*TSMC* reported Q2 net profit surged *77% YoY*. Revenue also beat expectations, driven by AI, HPC, and advanced node demand.
*Why it matters:*
1. *AI Demand*: Nvidia, AMD, and cloud giants are buying every advanced chip TSMC can make
2. *Tech Indicator*: TSMC is the
#1 foundry. Strong results = strong demand across tech
3. *Crypto*: More AI chips = more GPUs = indirectly bullish for AI tokens and mining supply chain
4. *Macro*: Shows the AI capex cycle is still acce