Taiwan Semiconductor Manufacturing Co. Reports Robust Q4 Earnings, Raises Capex Forecast

Taiwan Semiconductor Manufacturing (TSM) shares jumped 70% over the past year after reporting strong quarterly results and a positive outlook. The company's demand for AI chips remains insatiable, with projected capital expenditure of $52-$56 billion in 2026, exceeding analyst expectations. Revenue jumped 26% to $33.7 billion, and earnings per ADR surged 40% to $3.14. Gross margin expanded to 62.3%, and operating margins rose to 54%.