TSMC reported strong revenue growth in the second quarter, exceeding analyst forecasts. Revenue increased over 30% yearly, driven by strong demand for AI applications from customers like Apple and Nvidia. For June alone, TSMC's revenue rose over 30% compared to last year. The strong results were boosted by ongoing growth in demand for AI technologies. Shares have risen over 70% this year, compared with a more than 30% gain for the broader market.
