CNBC Daily Open: TSMC earnings draw investors' eyes back to AI
CNBC • • business
Key Points:
- Taiwan is investing $250 billion in U.S. chip production as part of a broad trade deal that includes lowering U.S. tariffs on Taiwanese imports from 20% to 15% and eliminating tariffs on other products like pharmaceuticals and aircraft components.
- Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 35% increase in fourth-quarter profit and plans to raise its 2026 capital expenditure, signaling strong demand for artificial intelligence technologies.
- U.S. and European chip and AI-related stocks, including Nvidia, AMD, ASML, and ASM International, rose following TSMC's earnings and optimistic market sentiment.
- Major U.S. stock indexes rebounded, supported by better-than-expected earnings from Goldman Sachs and Morgan
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