Taiwan Semiconductor Manufacturing Company Limited (TSM)’s Positive Outlook Sparks Expectations of a Long-Term AI Boom

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the Ken Fisher Stock Portfolio: 12 Best Stocks to Buy.

Taiwan Semiconductor Manufacturing Company Limited (TSM)'s Positive Outlook Sparks Expectations of a Long-Term AI Boom

On January 15, 2026, Bloomberg reported that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) planned capital spending of $52 billion to $56 billion in 2026, at least 25% higher than in 2025, showing confidence in long-term demand from the global AI boom. In 2026, the company anticipates revenue growth of about 30%, surpassing the average analyst estimate. The corporation’s U.S.-listed ADRs jumped as much as 5.6% after the outlook.

Separately, TheFly on Jan 16, 2026, reported that TD Cowen boosted its price objective on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to $370 from $325 and maintained a Hold rating. The corporation credited production execution for the revision, which came after better-than-expected quarterly results. Furthermore, TD Cowen revised its 2026 growth forecast for TSMC to 30% year over year, in line with the company’s anticipated surge in revenue for the period.

The stock is up by 6.24% YTD as of January 29, 2026.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces and markets wafer semiconductor devices and integrated circuits.

While we acknowledge the risk and potential of TSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.