CNBC Daily Open: AI trade reignited by TSMC earnings blowout

Group 1: Taiwan Semiconductor Manufacturing Company (TSMC) - TSMC has made a strategic move by investing $250 billion in chip production in the U.S., which includes a reduction in U.S. tariffs on Taiwanese imports from 20% to 15% [1] - The company has already purchased land in Arizona and is considering further investments in the U.S. beyond current plans, indicating a strong commitment to expanding its operations [2] - TSMC reported strong earnings and is raising its expected capital expenditure for 2026, reflecting high demand for artificial intelligence technologies [3] Group 2: Semiconductor and Technology Sector - The positive earnings report from TSMC has contributed to a rally in semiconductor and AI-related stocks, with companies like Nvidia, Advanced Micro Devices, and Applied Materials seeing stock price increases [3] - European chip-making equipment producers, such as ASML and ASM International, also experienced stock price gains, indicating a broader positive sentiment in the semiconductor industry [3] Group 3: Market Dynamics - The technology sector in Europe is reaching record highs, driven by a rally in technology shares not seen since 2000, alongside positive economic data from Germany [4] - Overall market sentiment has been buoyed by geopolitical developments, including a potential easing of tensions in the Middle East, which has positively impacted oil prices [4]