NVIDIA earnings countdown, US stock futures edge higher to迎战! TSMC firmly above 2000 yuan, AI market surges again

As the market holds its breath awaiting Nvidia’s latest earnings report, U.S. stock futures edged higher Tuesday evening, with investor sentiment clearly stabilizing. The S&P 500 and Nasdaq indices both rebounded, with technology stocks once again taking center stage.

Meanwhile, Taiwan Semiconductor Manufacturing Company (TSMC), the king of Taiwan stocks, surged past the NT$2,000 mark, gaining as much as 70.94% over six months. Not only did it hit a 52-week high, but it also became a key beneficiary of the global AI boom. From Wall Street to Taipei, the AI theme is once again resonating.

U.S. stocks rebound across the board, futures markets signal early optimism

U.S. stocks closed higher on Tuesday, with all three major indices rebounding simultaneously. The S&P 500 rose nearly 0.8%, the Nasdaq Composite surged about 1%, and the Dow Jones Industrial Average gained 370 points, approximately 0.8%. Futures markets also maintained a positive tone, with Dow futures up 27 points, S&P 500 futures up 0.1%, and Nasdaq 100 futures rising about 0.3%.

This rally comes as the market digests recent fears of AI disrupting industries. Previously, software and cybersecurity stocks took a hit amid concerns that next-generation AI tools could impact existing business models. However, as the market reassesses the actual impact, capital is beginning to flow back into tech stocks, easing short-term selling pressure.

AMD soars nearly 9%, software sector sees relief

In individual stocks, AMD surged nearly 9% in a single day, driven by Meta Platforms’ announcement of a multi-year partnership agreement with the company, further strengthening its AI chip supply chain position. This news provided a boost to the semiconductor sector and lifted the overall tech sector.

The software sector also experienced a rare rebound. The iShares Expanded Tech-Software Sector ETF (IGV) rose 1.9%, despite being down over 25% this year, indicating a clear improvement in market sentiment. Liz Thomas, head of investment strategy at SoFi, noted that this year’s decline in software stocks “has become somewhat irrational,” with some stocks showing technical rebound potential.

However, she also cautioned that the key to market direction still depends on Nvidia’s earnings report.

Nvidia earnings become a key market indicator

Nvidia is about to release its quarterly earnings, while software giants Salesforce and Snowflake will report after the market closes on Wednesday. As investors recalibrate the high valuations of tech stocks and AI capital expenditures, these earnings reports are particularly significant.

There is currently concern over large cloud service providers’ massive AI investments, with worries that the payback period for capital expenditures may lengthen, squeezing profit margins. Liz Thomas said, “From a numerical perspective, Nvidia remains very important. They need to beat expectations and provide positive guidance for market confidence to be maintained.” However, she also admitted that reliance on a single earnings report has decreased compared to previous quarters.

In other words, if Nvidia delivers stellar results, it will help reinforce the AI rally; if guidance is conservative, tech stocks could see renewed volatility.

Rising tariffs and geopolitical risks

Beyond corporate earnings, macro political factors are also influencing market nerves. U.S. President Trump recently threatened to raise global tariffs to 15%, but ultimately only implemented a 10% tariff on imported goods worldwide. Investors are also watching tensions between the U.S. and Iran, as well as Trump’s upcoming State of the Union address in 2026.

Amid the AI boom and policy uncertainties, short-term market volatility may increase. Capital flows are influenced not only by corporate fundamentals but also by policy risk premiums.

TSMC hits NT$2,000, reaching 52-week high

Against the backdrop of renewed global tech stock optimism, TSMC (2330) reached a new high of NT$2,000. The intraday high was also NT$2,000, successfully hitting a 52-week peak. Over six months, the stock has risen NT$830, a 70.94% increase, showing strong momentum.

From a technical perspective, TSMC’s stock price has been rising since the NT$1,100 range, breaking through key levels at NT$1,500 and NT$1,700 before finally reaching the NT$2,000 psychological level. Its market capitalization is NT$51.74 trillion, with a P/E ratio of 30.19, and a dividend yield of about 1.03%. The 52-week low was NT$780, indicating significant volatility over the past year, but long-term funds remain clearly bullish.

AI chips demand surges, advanced process technology becomes TSMC’s biggest advantage

The main reason behind TSMC’s strong rally is the continued explosion in demand for AI chips. Leading design companies like Nvidia and AMD rely heavily on TSMC for manufacturing. As data centers, high-performance computing, and generative AI applications expand rapidly, advanced process capacity has become one of the world’s most scarce resources.

When the market discusses whether Nvidia’s earnings are “good enough,” it indirectly impacts TSMC’s growth momentum. If Nvidia maintains strong capital expenditure and order demand, it indicates that demand for advanced process wafer fabrication remains robust, providing more confidence in TSMC’s future revenue outlook.

This article, “Nvidia Earnings Countdown, US Futures Slightly Up to Meet the Challenge! TSMC Breaks NT$2000, AI Market Reignites,” first appeared on Chain News ABMedia.