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The more aggressively Nvidia and AMD fight, the more TSMC may earn.
We don’t yet know who will win in AI chips, but before the outcome is decided, everyone has to pay the same company first.
TSMC’s June revenue was about $13.8 billion, up 67.9% year over year;
second-quarter revenue was about $39.6 billion, up 36%, again setting a record high.
These numbers are more than just evidence of strong AI demand.
Nvidia continues to expand its GPUs, AMD speeds up its pursuit, Broadcom takes on more custom chips, and cloud companies are also developing their own ASICs.
The more routes there are and the

Today, Trump isn’t holding a press conference—he’s more like live-streaming trade signals in a chatroom 🤣
First, he urges everyone to go buy Dell computers, and then praises Micron along the way.
Next, he says ordinary families should start investing in U.S. stocks earlier.
Finally, he praises the S&P and the Nasdaq together.
Now, the U.S. stock market is increasingly like “the president personally giving trade signals + the country’s sentiment propping up the market.”
The U.S. stock market isn’t afraid of running out of funds—it’s afraid Trump will suddenly turn on the microphone.

The president has been trading stocks, with picks more accurate than most fund managers.
All these trades come from mandatory government disclosures. This website specifically compiles every stock trade by the president into a searchable list, allowing you to directly check what was bought, when it was bought, and how much was gained.

Mag7 has had a terrible month, with nearly $3 trillion in market cap wiped out and a 10% monthly decline—the worst in over a year.
Most of the money has flowed into chipmakers that are actually making money from AI.
Behind this is a pattern that has been proven time and again: during the internet bubble, the companies that really made money were not internet service providers, but those selling network equipment, CPUs, and fiber optics—like Cisco, Intel, and Corning.
Infrastructure makes money first; the application layer makes money later.
Now AI is replaying the same logic. For now, money is

AI has taken your memory, and Apple has put the bill on you today.
Apple today raised prices across the board for the entire line of Mac, iPad, HomePod, and Vision Pro, with increases ranging from $100 to $200.
Cook described this memory shortage as a “once-in-a-century flood,” saying that in 40 years in the tech industry, he has never seen anything like this.
Apple’s stock fell 6% on the same day.
The underlying reason is this: AI data centers are competing with consumer electronics for memory.
Samsung, SK Hynix, and Micron have shifted a large amount of production capacity to high-

In the past, the storage cycle was every two or three years.
Now, buyers are signing five-year contracts.
The storage cycle logic is: when demand comes, manufacturers expand production, leading to oversupply and price crashes, then cut capacity for the next round; the mechanism itself has not disappeared.
However, there is now a variable that disrupts the rhythm.
Samsung, SK Hynix, and Micron have shifted 93% of their capacity to AI data centers, leaving only a small amount for consumer-side capacity.
Google, Microsoft, Amazon, and Meta's capital expenditures this year total $725 bil

The U.S. government invested $8.9 billion in Intel, with the book value rising to $60 billion in nine months.
In August last year, Trump converted the original $8.9 billion CHIPS Act subsidy intended for Intel directly into a 9.9% stake in Intel, purchasing shares at $20.47 each.
This was almost unprecedented in U.S. history; the government did not rescue the market with bailout-style investments but used industrial policy to exchange for equity, actively becoming the largest single shareholder of a tech company.
After acquiring the stake, the government began to facilitate cooperation u

I have always been very particular about trading costs.
So when I see this zero-fee rate, I want to say a few more words.
The core is the seamless switch between the zero-fee mode and the ECN mode.
In zero-fee mode, the commission is zero, and all costs are embedded in the spread, with one entry and one exit, and only one line of numbers on the bill.
In the ECN mode, there is a raw spread, charged by volume, suitable for those who open dozens of trades a day, pushing the spread to the limit, with fees spread out by volume.
The two modes can be switched with one click, with no loss of