Tech Sector

TSMC raised its 2026 capital spending target on July 16 after posting record second-quarter results, signaling sustained AI chip demand. Semiconductor equipment supplier Applied Materials is already up 121% year-to-date, and analysts are watching whether ASML and Lam Research follow the same trajectory.

CoreWeave and other specialized AI cloud providers are developing in-house data center construction capabilities as powered shell infrastructure has become the primary deployment constraint, not chip availability or power access. The shift marks a vertical integration push aimed at cutting deployment delays, with CoreWeave expecting to resolve the majority of current backlogs by Q1 2026.