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TSMC’s Strong Earnings Sparked a Tech Stock Rally Thursday. What Does It Mean for the AI Trade?
January 15, 2026 03:28 PM EST
Record earnings from contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSM) sparked big stock gains Thursday, suggesting there’s still gas in the tank to fuel the AI rally.
TSMC on Thursday reported record quarterly profit of 505 billion new Taiwan dollars ($16 billion) on record revenue of more than NT$1 trillion ($33.1 billion). Both figures were well ahead of consensus estimates from Wall Street analysts. TSMC’s U.S.-listed shares were up more than 5% in late-afternoon trading.
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Wall Street’s response to TSMC’s results underscored investors’ appetite for evidence of…
