Key highlights: The global $3.3 trillion semiconductor industry is approaching bear market territory after a broad-based sell-off across leading chip stocks. Investors are taking profits following months of AI-driven gains despite continued strength in chip demand and earnings. Analysts remain divided on whether the correction marks a healthy reset or the beginning of a deeper […]
Tag: AMD
Key highlights: TSMC posted stronger-than-expected Q2 2026 results, with revenue climbing 33.7% year-over-year to $40.2 billion and net profit jumping 77.4% to $22.36 billion The company plans to invest another $100 billion in the United States, bringing its total U.S. commitment to roughly $265 billion as AI chip demand accelerates TSMC also lifted its capital […]
Key highlights: ARK Invest purchased approximately $530 million worth of SpaceX shares across three ETFs following the company’s IPO. SpaceX surged 19.2% on its first trading day, lifting its valuation above $2 trillion and cementing its status as one of the world’s most valuable companies. The purchase reinforces ARK’s long-term bullish thesis on Starlink, AI […]