
TSMC's AI Forecast Powers Tech; Metals Cool
TSMC's increased capital spending forecast of up to $56 billion in 2026, driven by strong AI demand, spurred a tech stock rally, with the Nasdaq 100 futures reversing losses to gain 0.4%. The positive outlook benefited key TSMC customer ASML Holding NV, whose stock jumped 7%, while metals experienced a decline from recent peaks.




















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