Stock Market Update
10-Aug-26 11:55 ET
Taiwan Semiconductor Manufacturing reports strong revenues
Dow -37.03
at 53999.90,
Nasdaq -28.70
at 26682.93,
S&P +7.90
at 7765.54
[BRIEFING.COM] The major averages remain little changed from previous levels (and their baselines) at midday.
Taiwan Semiconductor Manufacturing (TSM 424.88, +4.84, +1.15%) is trading higher after reporting July revenue of NT$467.58 billion, up 44.7% year-over-year and 5.6% sequentially, providing another strong demand data point as TSM begins its September quarter. The result keeps the company comfortably on track for Q3 revenue guidance of $44.6-45.8 billion following a strong Q2, while reinforcing that AI, high-performance computing, and advanced-node demand remain robust despite an increasingly demanding growth comparison.
Semiconductor stocks as a whole remain a point of weakness today, with the PHLX Semiconductor Index down 1.5%.
