TSMC(US:TSM) 硬AI·2026-02-10 07:03Core Viewpoint - The article highlights the strong growth in global artificial intelligence (AI) spending, as evidenced by TSMC's January sales figures, which exceeded expectations and indicate robust demand for AI-related technologies [2][3]. Group 1: TSMC's Financial Performance - TSMC's sales in January reached NT$401.26 billion, representing a year-on-year increase of 36.8% and a month-on-month increase of 19.8% compared to December 2025, surpassing the company's forecasted annual growth of 30% [2][4]. - The strong revenue growth may be influenced by the Lunar New Year holiday, which affected the year-on-year comparison [3]. Group 2: AI Infrastructure Investment - TSMC is positioned as a major beneficiary of the surge in AI investments, particularly due to the high demand for data center chips, leading to a capital expenditure budget of $56 billion for the year, a 25% increase from 2025 [4][8]. - The CEO of NVIDIA referred to the current capital expenditure trend as a "once-in-a-generation infrastructure build," reflecting long-term confidence in AI infrastructure investments within the tech industry [8]. Group 3: Market Sentiment and Concerns - Despite the impressive revenue figures, concerns remain among investors regarding the sustainability of AI spending by major tech companies like Amazon and Meta, raising questions about the profitability of their investments in AI [8]. - There are apprehensions about cyclical trading in data center agreements, as investors remain cautious due to past experiences during technology industry boom-bust cycles [8].