Stocks rebound as TSMC AI outlook lifts semis and banks rally

U.S. stocks moved higher today as TSMC’s strong earnings and AI outlook helped lift market sentiment. The company reported a sharp jump in profits and announced higher capital spending plans for 2026, reinforcing the idea that AI infrastructure demand remains strong. The news sparked a rally across semiconductors and AI-linked names, helping the Nasdaq and S&P 500 recover recent losses. At the same time, bank stocks advanced on solid earnings, adding some breadth to the move beyond big tech. Renewed AI capex confidence and improving financial earnings, suggests markets are still willing to stay risk-on, at least for now. The key question is whether this turns into sustained momentum or remains a sector-specific rebound. Curious how others are positioning here: sticking with AI leaders, rotating into financials, or staying cautious into the next set of macro data?