TSMC stock slips before U.S. open after record profit; big capex plan back in focus
TSMC’s U.S.-listed shares fell 1.2% in premarket trading Thursday after the company reported record fourth-quarter profit and a 20.5% revenue jump. Investors weighed a higher 2026 capital budget of up to $56 billion against margin targets and AI demand. CEO C.C. Wei expressed caution about the AI surge. ASML shares hit a record high in Europe as the sector reacted to TSMC’s results.