Guotai Asset Management flags sharp AI-sector volatility, urges staggered positioning over aggressive bets
TSM•TSM•TSM•TSM•TSMC’s fiscal 2026 second-quarter results beat expectations, with net profit of TWD 706.6 billion versus TWD 623.73 billion forecast, up 77.4% year on year.
TSMC guided fiscal 2026 third-quarter revenue at $44.6 billion to $45.8 billion, above the $43.11 billion consensus midpoint.
It raised fiscal 2026 USD revenue growth to slightly above 40% from over 30%, lifting capex to $60 billion to $64 billion.
Guotai Asset Management flagged sharp near-term volatility in China’s AI-linked stocks amid weak risk appetite and shrinking market turnover.
It pointed to a possible short-term rebound tied to the WAIC 2026 event, but warned gains may be overstretched after a 155% first-half rise in a semiconductor equipment ETF.
