TSMC Boosts 2026 CapEx Forecast to $52B-$56B, Reviving AI Demand Confidence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: NASDAQ.COM
- Chipmaker Rally: TSMC's forecast of stronger-than-expected Q1 sales and an increase in its 2026 capital expenditure forecast from $40.9 billion to $52 billion-$56 billion significantly boosts market confidence in the sustainability of AI demand, leading to a rally in related stocks.
- Strong US Economic Data: Weekly initial jobless claims unexpectedly fell by 9,000 to 198,000, indicating a stronger labor market than the anticipated rise to 215,000, further supporting stock market gains and enhancing investor confidence.
- Easing Geopolitical Risks: President Trump signaled that the US may refrain from military action against Iran if it stops killing protesters, alleviating market concerns over geopolitical tensions and contributing to stock market increases.
- Upcoming Earnings Season: S&P 500 earnings growth is expected to reach 8.4% for Q4, with a forecast of 4.6% excluding the Magnificent Seven tech giants, providing a positive earnings outlook that is likely to attract investor interest.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
