Chip Stocks Rebound as TSMC Reaffirms $64 Billion Capex Plan for 2026

Key Facts

1Semiconductor stocks ended an eight-session losing streak, the longest since 2008.

2TSMC reiterated its 2026 capital budget forecast of $60 billion to $64 billion.

Semiconductor stocks ended an eight-session losing streak, marking the sector's longest period of consecutive declines since 2008. Startup Fortune reported that TSMC reiterated its 2026 capital budget forecast of $60 billion to $64 billion, providing relief to the broader industry.

TSM closed at $431.89 on October 21, 2026, having reached a day high of $435.16 during the session. The confirmation of high spending levels by the world's largest foundry bolstered the outlook for equipment manufacturers following a significant period of market value erosion.