tech
January 15, 2026
Chip stocks pop after TSMC's earnings beat boosts confidence in industrywide demand
Shares of chipmakers AMD and Nvidia popped along with equipment makers like Applied Materials after TSMC reported better-than-expected results.
TL;DR
- TSMC reported a 35% year-over-year profit growth for the quarter, exceeding expectations.
- Chipmakers Nvidia, AMD, and Broadcom saw their shares rise following TSMC's announcement.
- TSMC anticipates continued strong demand for its leading-edge process technologies, particularly for AI applications.
- The VanEck Semiconductor exchange-traded fund, heavily weighted with chip stocks, closed up 2%.
- Other semiconductor-related companies like Lam Research and Micron also experienced stock increases.
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