Taiwan Semiconductor Manufacturing Co. reported $40.2 billion in second-quarter revenue, up 36% year over year, while net profit rose 77%. Even so, the stock fell 4%, and bitcoin mining names including IREN dropped 4% to 5% in the same move. The company also raised its 2026 capital expenditure guidance to a range of $60 billion to $64 billion. According to CryptoBriefing, that revision has added to market concerns over whether spending on AI infrastructure can hold up at current levels. The reaction matters for crypto-linked equities because many bitcoin mining firms have been repositioning themselves as AI infrastructure service providers. If investors grow more skeptical about AI-related spending, that narrative could face pressure as well.
TSMC reported $40.2 billion in second-quarter revenue, up 36% from a year earlier, while net profit increased 77%. Despite those results, the company’s stock fell 4%.
Bitcoin mining shares moved lower as well, with names including IREN down 4% to 5%.
The chipmaker also raised its 2026 capital expenditure guidance to $60 billion to $64 billion. CryptoBriefing said the market is concerned about the sustainability of AI infrastructure spending.
That matters for crypto-related equities because many bitcoin mining companies are shifting toward AI infrastructure services. If the market starts to question AI spending, that narrative could come under pressure.
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