Despite solid in-line revenue and improved capital spending, TSMC’s latest quarterly earnings failed to deliver market-beating results, falling short of AI sector’s high expectations for a strong confidence boost. 1、In-line revenue but weaker-than-expected gross margin. TSMC posted quarterly revenue of $40.2 billion, matching market buyers’ expectation of around $40 billion. However, the market focused more on its profitability performance. Its quarterly gross margin hit 67.7%, the upper limit o
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