TSMC Raises 2026 Guidance Amid Surging AI Demand
Taiwan Semiconductor Manufacturing (TSM) raised its 2026 capital expenditure forecast by about 15%, signaling increased investment to meet growing demand in the AI sector. Despite strong Q2 financial results, including a revenue of $40.2 billion and earnings per ADR up 74% year-over-year, TSM's stock fell roughly 5% premarket due to concerns over rising capital expenditures.
Topics: AI demand capital expenditure semiconductors stock reaction