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TSMC’s capital expenditure reached $15.59 billion in the June 2026 quarter, up 42% sequentially, as the chipmaker raised its annual CapEx budget for a third time this year to $60 billion to $64 billion.
Stock markets gained momentum from Meta’s new AI assistant Muse and declining oil prices, with semiconductor stocks climbing and chip-related equities reaching record valuations early in the week.
Best Buy reported better-than-expected fiscal second-quarter results and raised its full-year outlook, though shares fell approximately 7% on the news.
Taiwan Semiconductor Manufacturing Company reported record August revenue of $16.35 billion, representing a 53.3% increase year-over-year, driven by sustained demand for artificial intelligence chips.
Macy’s posted 2.7% comparable sales growth in its fiscal second quarter and raised full-year guidance, citing success from its turnaround strategy focused on reimagined store locations.
Regions Financial plans to open 130-150 branches over three to four years while maintaining favorable deposit trends and net interest income guidance amid increased regional banking competition.
