tech

January 15, 2026

AI trade back on? The company behind chip leaders like Nvidia and AMD just raised its spending forecast

Robust earnings results from chip manufacturing giant TSMC just gave a huge lift to the AI trade.

AI trade back on? The company behind chip leaders like Nvidia and AMD just raised its spending forecast

TL;DR

  • TSMC announced a 35% year-over-year profit increase for its fourth quarter, surpassing Wall Street estimates.
  • The high-performance computing division, crucial for AI and 5G, accounted for the majority of TSMC's quarterly sales.
  • TSMC's projected capital expenditures for 2026 are set to increase significantly, indicating strong investment in AI capacity.
  • Shares of TSMC rose over 5% following the earnings report, contributing to a broader rally in AI-related chip stocks.
  • Analysts expressed optimism about the AI infrastructure buildout and the shift from AI training to inference, supporting semiconductor sector growth.
  • Several financial institutions reiterated positive ratings on TSMC and other AI chip companies, highlighting strong order expectations and growth potential.

Continue reading the original article

Made withNostr