Bloom Energy and Taiwan Semiconductor Near Buy Points as AI Demand Rebounds

Both stocks are approaching technical entry levels at a moment when AI infrastructure spending is once again driving equity rotation, a dynamic that has practical implications for US investors...

Bloom Energy (NYSE: BE) and Taiwan Semiconductor Manufacturing Company (NYSE: TSM), which trades on the New York Stock Exchange as an American Depositary Receipt, are among five stocks identified by Investors Business Daily as approaching technical buy points as of the week of September 26, 2026, according to IBD's market analysis published this week.

IBD's report describes a Bloom Energy breakout as the leading signal among the five stocks flagged. Bloom Energy, headquartered in San Jose, California, designs and manufactures solid-oxide fuel cell systems used in commercial and industrial power generation. The company trades on the New York Stock Exchange under the ticker BE.

Taiwan Semiconductor's inclusion on the list reflects renewed investor attention to AI-linked supply chains. TSM's ADRs, which represent a direct claim on shares of the Taiwan-based foundry, trade on the NYSE under the ticker TSM. Because the ADR trades on a US exchange and is widely held by US institutional and retail investors, movements in TSM carry direct relevance to US portfolio performance.

The Seeking Alpha weekly indicators report published the same week frames the current market environment as one in which AI capital spending is competing with pressure from the bond market for investor attention. That report, using the phrase "AI vs. The Bond Market," identifies elevated AI infrastructure investment as a force sustaining equity demand even as longer-duration Treasury yields remain a headwind for growth-oriented stocks.

Bloom Energy's connection to the AI theme is supply-side: data centers require large, uninterrupted power loads, and fuel cell systems have attracted attention from hyperscale operators seeking to reduce dependence on the traditional grid. Bloom Energy disclosed in its most recent quarterly filing with the Securities and Exchange Commission that data center customers represent a growing share of its contracted backlog, though the company has not publicly broken out the specific percentage attributable to that segment.

For Taiwan Semiconductor, the AI link is more direct. The company manufactures the most advanced logic chips used by Nvidia, AMD, and Apple, among others. Nvidia reported in its fiscal Q2 2026 earnings release that data center revenue reached $22.6 billion for the quarter, a figure that flows substantially through TSM's fabrication capacity. That revenue figure was sourced from Nvidia's earnings report filed with the SEC.

IBD's methodology for identifying buy points is based on its proprietary CAN SLIM system, which combines earnings growth, relative price strength, and chart pattern analysis. The publication has used this framework consistently across its stock screening products. IBD did not publish specific price targets in the article summarized here, and the precise buy-point levels for BE and TSM were described qualitatively as "near" rather than with exact figures.

The broader Q4 2026 market context matters for interpreting these setups. A Seeking Alpha Q4 outlook piece published this week notes that the final quarter of a midterm election year has historically carried distinct return patterns, citing the statistical tendency for Q4 in midterm years to perform above the annual average. That analysis does not constitute a guarantee of future returns, and past seasonal patterns do not bind future outcomes.

As previously reported by The Congressional Times, an analyst noted earlier this year that AI capital demand is reducing appetite for US Treasuries, a dynamic that maps directly onto the tension described in the Seeking Alpha weekly indicators piece. If AI-linked capital expenditure continues to absorb corporate cash flows, the marginal demand for fixed income from corporate treasuries could remain compressed.

What remains unknown is whether Bloom Energy's breakout will hold volume confirmation, a key requirement under IBD's published methodology. IBD states that a valid breakout typically requires volume at least 40 to 50 percent above a stock's average daily volume on the breakout day. Whether that condition has been met as of publication has not been confirmed in available data.