Chip stocks experienced widespread gains on Wednesday, with Taiwan Semiconductor Manufacturing (TSM.US) rising nearly 5% to reach a new all-time high. Intel (INTC.US) advanced over 4%, while NVIDIA (NVDA.US) climbed more than 1%. Data showed TSMC's January revenue reached NT$401.26 billion (approximately $12.71 billion), representing a 36.8% year-over-year increase and a 19.8% rise from December 2025. This marks the company's strongest monthly revenue performance in history and the first time its monthly revenue has exceeded the NT$400 billion threshold. Bank of America noted that TSMC's recently approved capital budget of up to $45 billion demonstrates a highly structured approach, with funds heavily concentrated on advanced front-end manufacturing processes and large-scale wafer fab infrastructure. Analyst Haas Liu maintained a "Buy" rating on TSMC shares with a target price of NT$2,360.