WS #12220
TSMC beat-and-raise but stock fell ~5%; SMH and SOXX down 15-20% from highs; AI infrastructure trade bleeding as market questions durability of hyperscaler capex. Bloomberg reports Google's Gemini 3.5 Pro launch is months behind schedule due to falling short of internal goals, particularly in coding.
AI/Semiconductor Selloff
TSMC beat-and-raise but stock fell ~5%; SMH and SOXX down 15-20% from highs; AI infrastructure trade bleeding as market questions durability of hyperscaler capex.
Bloomberg reports Google's Gemini 3.5 Pro launch is months behind schedule due to falling short of internal goals, particularly in coding.