Overview
- Bank of America says long‑only funds shifted into non‑U.S. equities in February, and TSMC is the most widely held stock by these investors with 92% ownership.
- Morgan Stanley warns a Strait of Hormuz shutdown could disrupt semiconductor supply, while Taiwan’s LNG‑dependent grid and TSMC’s roughly 9%–10% share of national power add operational risk.
- Oil has topped $100 a barrel and the VIX has spiked to 24, intensifying concerns about energy costs for data centers and the timing of AI infrastructure spending.
- Nvidia CEO Jensen Huang projects roughly $1 trillion in orders for Blackwell and Vera Rubin platforms through 2027, yet investors remain cautious about returns on massive AI capex.
- Quantum player IonQ reports surging revenue but is financing expansion through large acquisitions and equity issuance, underscoring execution and dilution risks across frontier tech.