Follow the AI Money: ASML, Microsoft and Meta Report Tonight

Taiwan Semiconductor Manufacturing Company (NYSE: TSMC) just announced capital expenditure of US$52 billion to US$56 billion for 2026, an increase of between 27% and 37% compared to 2025.That’s great news for ASML Holding (NASDAQ: ASML), the Dutch company that sells the lithography machines TSMC needs for advanced chip production.But here’s the thing: the investment doesn’t stop there. Every dollar TSMC spends on fab equipment eventually flows through to cloud providers like Microsoft (NASDAQ: MSFT) and app ...