Markets
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Claire Yubin Oh

TSMC grew its sales 30% year on year in January and February

Taiwan Semiconductor ticked higher in premarket trading on Tuesday after the chipmaker reported a 30% jump in sales for the first two months of 2026, compared to the year before.

A key supplier for AI industry giants like Nvidia and Advanced Micro Devices, TSMC saw its combined January and February revenue grow to NT$718.9 billion ($22.6 billion), per its monthly revenue report, published early on Tuesday morning.

The company notched NT$317 billion in February alone, growing 22% from a year ago and decelerating from January’s 37% year-on-year growth. For the coming full Q1, analyst estimates compiled by Bloomberg are anticipating growth of 33% — suggesting a strong March will be needed to meet that figure.

Charles Shum, a Bloomberg Intelligence analyst, noted that the modest weakness in the first two months is more likely due to softer performance in smartphones and PCs, rather than cooling AI chip demand, as soaring memory prices put pressure on shipments.

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Luke Kawa
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Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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