TSMC Raises 2026 Capex to $52B-$56B, Boosting Market Confidence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Source: NASDAQ.COM
- Chipmaker Rally: TSMC's forecast of stronger-than-expected Q1 sales and an increase in 2026 capex from $40.9B to $52B-$56B has boosted chipmaker stocks, enhancing market confidence in the sustainability of AI demand.
- 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.
- Hawkish Fed Comments Impact: Atlanta Fed President indicated the need for a restrictive monetary policy due to ongoing inflation pressures, causing the 10-year T-note yield to rise by 3 basis points to 4.16%, which exerted some pressure on the stock market.
- Mixed International Market Performance: The Euro Stoxx 50 closed up by 0.60%, while China's Shanghai Composite fell by 0.33%, reflecting a divergence in global market trends, prompting investors to focus on upcoming economic data.
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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.
