Closing Bell Closing Bell Overtime: Taiwan Semi Powers Tech Higher; Wells Fargo’s Ohsung Kwon on Top Ideas; Pimco’s Emerging Markets Plays 1/15/26
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Jan 15, 2026 Chip stocks are surging, fueled by strong earnings from TSMC and robust guidance for semiconductor investments. A major U.S.-Taiwan deal aims to bolster domestic chip manufacturing. Meanwhile, insights on retail sentiment showcase an uptick in options activity. The crypto world faces hurdles as a crucial bill stalls amid objections from Coinbase. Additionally, commercial real estate shows signs of slowdown while emerging markets display encouraging fundamentals. Amazon's legal battle with Saks adds another twist to the retail landscape.
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TSMC Validates Multi-Year AI Chip Cycle
- TSMC's strong earnings and record capex signal that the AI chip boom may be multi-year, boosting semiconductor suppliers.
- The ripple effects lift Nvidia, AMD and equipment makers as foundry investment becomes a new industry catalyst.
Deal Spurs Onshore Semiconductor Buildout
- The Taiwan-U.S. investment package formalizes and reduces geopolitical risk, unlocking large-scale semiconductor investment into U.S. fabs.
- Harsh Kumar expects TSMC and the entire supply chain to expand massively, bringing manufacturing and suppliers stateside.
Foundry CapEx Drives Industrywide Gains
- Formal guarantees and credit lines reduce investor hesitation and make U.S. semiconductor investment more attractive.
- Harsh Kumar notes broad demand from Apple to Nvidia will push foundry capex and benefit equipment and mid-cap suppliers.