Market data on July 16 showed that a Taiwan Semiconductor Manufacturing Co. (TSM)-linked contract on Hyperliquid gave up earlier gains and turned lower during the session, with losses at one point widening to more than 4%. The move came after TSMC reported its second-quarter 2026 results. The company said net profit rose 77% year over year to NT$706.6 billion, a record high that topped market expectations. Second-quarter revenue increased 36% from a year earlier to NT$1.27 trillion. TSMC also reported that revenue from its high-performance computing, or HPC, segment grew 20% on a quarter-over-quarter basis. The price action and the earnings figures were both cited in the market update carried by BlockBeats.
According to market data cited by BlockBeats on July 16, a Taiwan Semiconductor Manufacturing Co. (TSM)-linked contract on Hyperliquid surged earlier in the session and then pulled back, with its intraday decline at one point extending to more than 4%.
Earlier, TSMC released its results for the second quarter of 2026. Net profit rose 77% year over year to NT$706.6 billion, setting a record high and coming in above market expectations. Second-quarter revenue climbed 36% from a year earlier to NT$1.27 trillion, while revenue from the company’s high-performance computing (HPC) business increased 20% quarter over quarter.
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