TSMC beats estimates, plans $100 billion Arizona expansion

According to CNBC, Taiwan Semiconductor Manufacturing Co. reported a 77% jump in second-quarter operating profit and said it plans to invest an additional $100 billion at its foundry complex in Arizona to help meet rising AI demand. The company's New York-listed shares were down more than 4% in premarket trading. The report also said UnitedHealth posted a strong quarter and lifted its full-year profit guidance, GE Aerospace raised its full-year outlook after sales, profit and free cash flow beat expectations, J.B. Hunt shares rose more than 7% after a strong second quarter, Uber agreed to buy Delivery Hero in a deal valued at $14.8 billion, Eli Lilly will pay $2.8 billion upfront for AtaiBeckley, and Goldman Sachs received a higher price target from Bank of America.