Taiwan Semiconductor (TSMC), a key supplier to major tech firms, reported strong earnings and projected a 20% revenue increase, driven by soaring AI demand from customers like Microsoft, Alphabet, Amazon, Oracle, and Meta. Goldman Sachs projects these AI hyperscalers and tech peers will spend an additional $527 billion on infrastructure this year. However, the broader tech sector faced pressure as the Nasdaq Composite fell 1.2% due to a rotation away from Big Tech into smaller stocks.