Guotai Asset Management flags sharp AI-sector volatility, urges staggered positioning over aggressive bets

• Guotai Asset Management flagged sharp near-term volatility in China’s AI-linked stocks amid weak risk appetite and shrinking market turnover.
• It pointed to a possible short-term rebound tied to the WAIC 2026 event, but warned gains may be overstretched after a 155% first-half rise in a semiconductor equipment ETF.
• TSMC’s fiscal 2026 Q2 results beat expectations, with net profit TWD 706.6 billion versus TWD 623.73 billion forecast, up 77.4% year on year.
• TSMC guided fiscal 2026 Q3 revenue at $44.6 billion to $45.8 billion, above the $43.11 billion consensus midpoint.
• It raised fiscal 2026 USD revenue growth to slightly above 40% from over 30%, lifting capex to $60 billion to $64 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Guotai Asset Management Co. Ltd. published the original content used to generate this news brief on July 16, 2026, and is solely responsible for the information contained therein.