Taiwan Semiconductor Manufacturing Co. (TSMC), a key supplier for tech giants like Nvidia and Apple, reported a 61% surge in profit for the second quarter. This significant increase is primarily attributed to the soaring demand for artificial intelligence (AI) technologies. TSMC's role as a leading contract manufacturer positions it to capitalize on the growing AI market, as companies rely on its advanced chip production capabilities. The results highlight the continued strength of the semiconductor industry and the pivotal role TSMC plays within the global technology supply chain.