TSMC raises capex and revenue forecast, highlighting growing AI chip demand - Yahoo Finance
TSMC raised its revenue and capital expenditure forecasts for 2026, citing strong demand for AI chips and data centers. Despite the positive outlook, the company's stock fell as investors engaged in profit-taking.
Why it matters
TSMC's performance is a critical indicator of the health of the global AI hardware supply chain.
TSMC raises capex and revenue forecast, highlighting growing AI chip demand Ines Ferré · Senior Business Reporter Updated Fri, July 17, 2026 at 11:11 AM EDT 2 min read TSM -1.59% NVDA -0.56% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
What happened: Taiwan Semiconductor Manufacturing ( TSM ) stock moved 4% lower on Thursday.
What's behind the move: The world's largest semiconductor manufacturer posted record second quarter revenue of $40.2 billiion and raised its capital spending and revenue outlook for the year, underscoring growing demand for AI chips and data centers.
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