Stock Movers Blackrock Beats Estimates; TSMC's Strong Outlook; Spotify Raises Premium Subscription Price
Jan 15, 2026
BlackRock surprises with impressive earnings and record inflows, showcasing its financial prowess. Taiwan Semiconductor Manufacturing Company is ramping up its capital spending to a staggering $56 billion, reflecting strong confidence in the AI market. TSMC also predicts a 30% revenue growth, benefiting key suppliers like ASML. Meanwhile, Spotify stirs up chatter by increasing its premium subscription price to $13, aiming for profitability without scaring off users.
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BlackRock's Asset Growth Outperforms Estimates
- BlackRock grew assets under management to over $14 trillion, adding $350 billion in a quarter which boosted earnings above estimates.
- Larry Fink says private market fundraising is strong as BlackRock targets $400 billion by 2030.
TSMC Sees Large AI-Driven Demand Spike
- TSMC reported 20% fourth-quarter sales growth and forecast about 30% revenue growth for the year ahead.
- The company plans up to $56 billion in capital spending to meet booming AI-driven chip demand.
Chip Suppliers Ride TSMC's Buildout
- TSMC's $56 billion capex benefits a wide supplier chain, lifting equipment and service providers.
- Applied Materials, Lam Research, and KLA all rose strongly on expectations of higher supplier revenues.