TSM: July Sales Rise 45% to $14.5B on AI Demand

TSM reported July sales of $14.5 billion, a +45% year-over-year jump driven by AI chip demand. The company, key supplier to NVDA and AAPL, saw $89.1 billion revenue in the first seven months, up 37%. It lifted 2026 capital expenditure outlook to a record $60-64 billion range and projects full-year sales growth slightly above 40%. Current quarter estimates point to 47% growth. TSM shares in Taiwan gained 50% year-to-date, outpacing NVDA's 20% rise. This reflects sustained AI chip demand impact on semiconductor revenue growth and TSM stock performance.