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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
TSMC reported record profits driven by strong AI demand, yet its shares slipped as investors engaged in profit-taking. The company announced an additional $100 billion investment in the United States to bolster its manufacturing capabilities. Meanwhile, UnitedHealth shares rallied following earnings that indicated a recovery from previous investor concerns. Overall, earnings from TSMC and ASML confirmed soaring demand for AI technology despite the recent downturn in sector stock prices.