Wall Street Breakfast TSMC, Lam Research spark early market rally
14 snips
Jan 15, 2026 TSMC's impressive Q4 profit surge and ambitious capex plan are sparking interest among wafer-equipment suppliers like Lam Research. Meanwhile, Verizon has restored service after a nationwide outage and is offering credits to upset customers. Bilt introduces new credit cards with a striking 10% introductory APR, catering to mortgage payments. Other hot topics include Amazon's challenge against Saks and the latest updates from Elon Musk's xAI amid global backlash. It's a buzzing day in the market with plenty to watch!
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TSMC Posts Big Profit And Big Spend
- Taiwan Semiconductor reported a $16 billion net profit for Oct-Dec, a 35% year-over-year surge that beat estimates.
- TSMC plans to raise 2026 capex to $52–$56 billion, up from about $40 billion last year, signaling heavy foundry investment.
WFE Spending To Accelerate In 2026
- Stifel sees wafer fabrication equipment spending rising 10–15% in 2026, a boost from its prior 7–8% forecast.
- The growth could add $10–$15 billion in spending, benefiting Teradyne, Lam Research, and KLA.
Expect Credits After Verizon Outage
- Verizon restored service after a nationwide outage and will issue account credits to affected customers.
- Expect more details from Verizon about credits and the cause of the disruption.