WS #12206
TSMC's record Q2 beat is overshadowed by $60-64B capex guidance, pressuring semiconductor stocks, while dark pool buying in NVDA and AMD suggests institutional accumulation. Apple Intelligence receives regulatory approval in China, partnering with Alibaba's Qwen model instead of Google Gemini, bullish for AAPL and BABA. Uber agrees to acquire Delivery Hero for €41.5 per share, creating the largest food delivery platform outside China, boosting UBER and impacting competitors.
Tech Sector Rotation: TSMC Capex Surge and AI Infrastructure
TSMC's record Q2 beat is overshadowed by $60-64B capex guidance, pressuring semiconductor stocks, while dark pool buying in NVDA and AMD suggests institutional accumulation.
Apple Intelligence receives regulatory approval in China, partnering with Alibaba's Qwen model instead of Google Gemini, bullish for AAPL and BABA.
Uber agrees to acquire Delivery Hero for €41.5 per share, creating the largest food delivery platform outside China, boosting UBER and impacting competitors.