Taiwan Semiconductor (TSM) reported stellar earnings, with revenue of $33.73 billion, a 25.5% jump from last year. Profits reached $16.3 billion, exceeding expectations. Management forecasts Q126 revenue between $34.6 and $35.8 billion. TSMC plans a massive capex of $52-$56B for 2026 to meet AI-driven demand. Demand for advanced chips remains high, with a backlog increase. NVIDIA and Apple are key customers. Broadcom and Meta Platforms are also increasing orders for TSMC technology. TSM shares are projected to reach $500 in 2027.

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Read more at NASDAQ.: Zacks Investment Ideas feature highlights: Taiwan Semiconductor, NVIDIA, Apple, Broadcom and Meta Platforms