Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-07-16T14:13:02+00:00
What happened:Taiwan Semiconductor Manufacturing (TSM) stock moved 4% lower in premarket trading on Thursday. What's behind the move:The world's largest semiconductor manufacturer posted record second quarter revenue of $40.2 billiion and raised its capital spending and revenue outlook for the year, underscoring growing demand for AI chips and data centers. TSMC, which is the primary chip supplier for Nvidia (NVDA), now expects capital expenditures of $60 billion to $64 billion in 2026, at least $4 billion above its previous forecast. The outlook comes as investors scrutinize companies' AI spending and whether it will translate to profits. What else you need to know:While the company said in the third quarter it sees strong demand, management warned of rising prices. As part of its capital
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.