PPI Spikes Please click here for an enlarged chart of Taiwan Semiconductor Mfg. Co.
Ltd. (NYSE:TSM).
The chart of TSM stock is being used to illustrate the point. TSM manufactures cutting edge AI chips for the likes of NVIDIA Corp (NVDA) and Advanced Micro Devices, Inc.
(AMD). The chart shows TSM stock is falling after reporting record earnings.
The chart shows TSM stock has fallen well below the low band of zone 1 (resistance). The chart shows TSM stock is well above the high band of zone 2 (support).
RSI on the chart shows TSM is now oversold. The fact that TSM is falling after reporting record earnings is another data point showing that in this phase of AI the character of the stock market is changing.
60 vs. 46 consensus.
72B vs. 67B consensus.
1% year-over-year rise. 3B vs.
22B consensus. 7B in Q1.
2B based on average quarterly revenue. Anthropic reported positive free cash flow, an adjusted gross margin of 85%, and an adjusted operating margin exceeding 11%.
Anthropic is targeting an IPO valuation exceeding $2T. The important point is not that Anthropic’s revenue growth is weak.
The issue is that growth is slowing at a time when investor expectations are extremely high. The latest disclosures have raised questions about those expectations, though some analysts still project a year end run rate of over $100B.
6B in Q3. AI demand remains strong, but slowing growth at major AI model developers raises questions about the returns on the massive investments being made by hyperscalers and AI infrastructure companies.
CRWV dragged down the stocks of Oracle Corp (ORCL), Nebius Group NV (NBIS), and IREN Ltd (IREN). Ukraine bombing Russian refineries brings into question Russia’s ability to provide the diesel President Trump wants.
3% vs. 5% consensus.
7% vs. 03% consensus.
S. 8% vs.
3% consensus. 9% vs.
3% consensus. Initial jobless claims came at 199K vs.
200K consensus. In the early trade, money flows are positive in Apple Inc (NASDAQ:AAPL).
com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), and Tesla Inc (NASDAQ:TSLA).
In the early trade, money flows are negative in SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ). The most popular ETF for oil is United States Oil ETF (NYSE:USO).
12M barrels vs. Bitcoin Bitcoin (CRYPTO: BTC) is seeing selling.
What To Do Now Consider continuing to hold good, very long term, existing positions and add tactical positions based on signals. The Arora Report is known for its accurate calls.
Most recently, we correctly called the rally from recent stock market lows and the 2026 semiconductor decline before a 25% drop in the Semiconductor ETF (SMH). In gold, we bought at an average price near $1,105, close to cycle lows, and took partial profits near $5,400, close to cycle highs.
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It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
