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Technology 15 January 2026

TSMC sparks chip-stock surge as Wall Street rebounds on bank earnings

TSMC sparks chip-stock surge as Wall Street rebounds on bank earnings

Wall Street’s main indexes bounced back Thursday following two straight days of losses, buoyed by a chip rally fueled by Taiwan Semiconductor Manufacturing Co’s positive outlook and fresh U.S. financial results. At 9:34 a.m. ET, the Dow Jones Industrial Average climbed 146.42 points, or 0.30%, the S&P 500 added 40.50 points, or 0.58%, and the Nasdaq Composite rose 197.64 points, or 0.84%, with Nvidia and chip-equipment stocks leading the gains. Financial shares faced pressure this week amid concerns over a proposed one-year cap on credit card interest rates at 10%, even as markets continue to price in at least two Federal Reserve rate cuts by year-end, according to LSEG.
Meta stock drops as Reality Labs layoffs and Wikipedia AI deal put costs in focus

Meta stock drops as Reality Labs layoffs and Wikipedia AI deal put costs in focus

Shares of Meta Platforms dropped 2.4% to $615.52 in early trading Thursday in New York, following a Wall Street Journal report that the Facebook parent cut about 1,500 jobs — roughly 10% — in its Reality Labs unit. Meta told the Journal the layoffs reflect a strategic shift, moving investment away from metaverse projects and focusing more on wearables and artificial intelligence.
Microsoft stock drops as Swiss antitrust probe, Wikipedia AI deals stack up ahead of earnings

Microsoft stock drops as Swiss antitrust probe, Wikipedia AI deals stack up ahead of earnings

Microsoft Corp’s shares dropped roughly 2.4% to $459.38 in early New York trading Thursday. The Invesco QQQ, which tracks the Nasdaq 100, slid about 1%, and the SPDR S&P 500 ETF dipped around 0.5%. Switzerland’s competition commission revealed it had launched a preliminary probe into Microsoft’s licensing fees after complaints from businesses and government bodies over steep price hikes. The regulator noted the findings could lead to a formal investigation. Microsoft said it would cooperate.
ASML stock hits record high, clears $500B as TSMC lifts AI chip spending plan

ASML stock hits record high, clears $500B as TSMC lifts AI chip spending plan

ASML shares soared to a fresh peak on Thursday, lifting the chip-equipment giant's market cap past the $500 billion mark. This followed TSMC's decision to boost its 2026 capital expenditure, aiming to meet the rising demand for AI-related chips. By 0952 GMT, ASML was up 4.3%, marking a 23% gain for January so far. “The new plan is great for equipment vendors in 2026, it will lead to consensus estimates upgrades across the board,” said Degroof Petercam analyst Michael Roeg.
Palantir billboards pop up in Youngstown, sparking fresh talk about the AI firm’s next move

Palantir billboards pop up in Youngstown, sparking fresh talk about the AI firm’s next move

At least two new billboards carrying Palantir Technologies’ name have appeared around Youngstown, Ohio, setting off local speculation about why the data-software company is targeting the area and whether it is fishing for hires or something bigger. Palantir told a local outlet it picked Youngstown and other “historic industrial powerhouses” as part of an ad campaign tied to the AI push. https://www.wfmj.com/story/53382496/palantir-billboards-appear-in-youngstown-sparking-questions-and-speculation
Oakville teens land early funding for shark-deterring net as Halton board steps up mental health push

Oakville teens land early funding for shark-deterring net as Halton board steps up mental health push

Three Grade 11 students from west of Toronto have pulled together roughly $5,500 in early funding for a fishing net aimed at cutting shark bycatch — the unintentional catch of non-target species — the Halton District School Board announced Thursday. Emmy Nah, Amrutha Kosuri, and Veera Kalsi developed the “Bye-Catch” concept at Oakville’s T.A. Blakelock High School. They used recycled materials and added electromagnets plus blue LEDs designed to repel sharks without harming fish, the board said. After making it to the finals of Samsung’s Solve for Tomorrow contest, the team pitched the idea to investors. Attendees at a Rotary conference in Orillia chipped in $4,650 toward the funding total. Nah noted, “Oceans cover 71 percent of the Earth,” as the group moves forward with intellectual property protection and plans for East Coast testing.
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