Woofun AI reports that the TSMC-related contract on Hyperliquid experienced an intraday surge followed by a retreat, with the decline expanding to over 4%. This price action occurred after TSMC released its Q2 2026 financial report, which showed net profit rising 77% year-on-year to NT$706.6 billion, surpassing market expectations.

Additionally, Q2 revenue increased 36% year-on-year to NT$1.27 trillion, driven by a 20% quarter-on-quarter growth in High-Performance Computing business revenue.