Stock Market Today, Jan. 15: Taiwan Semiconductor's Strong Outlook Dampens AI Bubble Fears
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The S&P 500 (SNPINDEX:^GSPC) rose 0.26% to 6,944.47. The Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.25% to 23,530.02, and the Dow Jones Industrial Average (DJINDEX: ^DJI) climbed 0.60% to 49,442.44 as chip-led gains helped break yesterday's dip. Semiconductor names rallied after Taiwan Semiconductor Manufacturing Co's (NYSE:TSM) remarkable results lifted peers, including Advanced Micro Devices (NASDAQ:AMD) and Micron Technology (NASDAQ:MU). Asset manager BlackRock (NYSE:BLK) gained on an earnings beat and a 10% dividend hike.Today's big news was blowout earnings from chipmaker giant TSMC. The company announced a 35% increase in net earnings for the fourth quarter, beating analyst expectations on all fronts. Crucially, the chipmaking giant raised its long-term forecast and predicted another breakout year for artificial intelligence (AI) in 2026. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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