Sources: Apple now needs to fight for TSMC production capacity amid the AI boom; Nvidia was likely TSMC's top customer in at least one or two quarters in 2025

Here Are 3 ETFs That Cut Magnificent 7 RiskAdam Clark /Barron's Online:Nvidia Stock Pops. Trump, TSMC Are Boosting the AI Chip Maker.Laura Bratton /Yahoo Finance:Chip stocks jump as Nvidia supplier TSMC dismisses bubble fears: ‘AI is real’Jing Yang /The Information:TSMC Announces Record Capital Spending of Up to $56 Billion to Ease Capacity ShortageDigiTimes:In depth: Why TSMC believes AI demand justifies record capex and long-term riskFocus Taiwan:TSMC forecasts 2026 sales to grow almost 30%, c

Culpium 2026-01-15 Tim Culpan

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@tculpan Tim Culpan on x
Exclusive to Culpium: Apple is Fighting for TSMC Capacity as Nvidia Takes Center Stage Nvidia is on the verge overtaking Apple as TSMC's top client, as CC Wei delivers hefting price hike to Tim Cook. https://www.culpium.com/...
@tculpan Tim Culpan on x
TSM up 6% ASML up 6% AMD up 6% NVDA up 3% AAPL — er, flat. TSMC's good news isn't good for everyone. Why isn't it good for Apple? Here's a hint: https://www.culpium.com/...
@firstadopter Tae Kim on x
On TSMC earnings call, CEO C.C. Wei said he talked to ALL the hyperscalers: “They show me the evidence that the AI really help their business. So they grow their business successfully and here see the financial return. So I also double checked their financial status. They are
@economyapp @economyapp on x
$TSM TSMC Q4 FY25: • Revenue +25% Y/Y to $33.7B ($1.0B beat). • 3nm 28% of wafer revenue (+2pp Y/Y). • Capex $11.5B (vs. $9.7B in Q3 FY25). • EPADR $3.14 ($0.16 beat). [image]
@benbajarin Ben Bajarin on x
$TSM annual capex to GM and the last few years GM trend. [image]
@liebermanaustin Austin Lieberman on x
Most impressive part of $TSM earnings is that their already excellent margins are improving and they're getting even more wildly profitable. Full earnings review coming to subscribers Saturday. Subscribe at the link in my profile [image]
@jukan05 Jukan on x
Translation: Review of the TSMC Earnings Call (from a Hedge Fund Manager's Perspective) The most critical takeaway from this TSMC earnings call is not just the generic “AI is good” sentiment, but the fact that hard data proves “AI has redefined the system.” With 4Q net income at
@dnystedt Dan Nystedt on x
TSMC 4th quarter 2025 results and outlook
@pelstrom Peter Elstrom on x
“You're trying to ask us whether AI demand is real or not. I'm also very nervous about it,” said TSMC's CEO after strong earnings. “We're investing $52 billion to $56 billion in capex, right? If we don't do it carefully, that'd be a big disaster for TSMC.” https://www.bloomberg.c…
@zephyr_z9 @zephyr_z9 on x
TSMC says next 3-years' capex to be “significantly higher” than past 3-years total of US$101 billion. I think it will be around $180B
@stocksavvyshay Shay Boloor on x
Holy moly $TSM just said it expects the next three years of capex to be significantly higher than the last three years combined (~$100B). The AI factory of the global economy just told you this cycle is nowhere near over. That means $ASML keeps building the machines that make
@benbajarin Ben Bajarin on x
Remember TSMC has multiple fabs just for NVIDIA. Sounds like they will add more.
@firstadopter Tae Kim on x
I'm digging Ming-Chi Kuo's cartoons. “I need capacity!” “Take my money!” Good stuff.
@the_ai_investor @the_ai_investor on x
Amazing sign of strong $NVDA demand, Jensen pays TSM to secure capacity on the future land, not simply capacity! “Most customers negotiate for guaranteed capacity. Nvidia CEO Jensen Huang negotiates for land. In November last year, he visited Tainan and told TSMC he was willing
@zephyr_z9 @zephyr_z9 on x
So Jensen did pre-pay a bit Others will probably follow suit At this rate, TSMC might spend $200B in the next 3 years (literally double compared to 2023-25) As Ming Chi Kuo said, TSMC is the most capital-disciplined player in the AI supply chain If they are willing to double
@mingchikuo @mingchikuo on x
TSMC announced 2026 capex of US$52-56bn at today's earnings call, with strong Nvidia demand as the key driver. 1. Ahead of the call, sell-side analysts and media generally expected 2026 capex of US$45-52bn, while the buy side was already at US$53-56bn. 2. TSMC is typically [image…

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Sources: Apple now needs to fight for TSMC production capacity amid the AI boom; Nvidia was likely TSMC's top customer in at least one or two quarters in 2025

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