TSMC's 66% HPC revenue underscores AI demand as 2nm ramps

Original Insight Summary

$MU is sitting on a key support zone around $850-$870’s. The line in the sand is clear: this area has to hold. If it does, a near-term oversold bounce could backtest the 50dma around $923’s. 1
$RKLB has dumped hard. From the 5月 high 151美元, it is already down 54%. The setup fits its old rhythm: every time it gets cut in half, the next new high starts brewing. 2
$ITW is in trend-follow mode. The updated chart has moved up, so the trade plan is to let it ride and manage with stops today. 3
$NBIS is at a make-or-break level. No room for chop here; the next move likely defines direction. 4

$SPCX AI satellites could get a meaningful efficiency boost if batteries lift peak power from 150 kW to 230 kW. Higher per-satellite power may reduce the number of satellites needed for the same compute capacity, while also lowering launch and manufacturing requirements. 5
$ASTS selling off 15% after a $1B convertible offering looks overdone on terms, but the real damage is trust. Management had recently said the company was fully funded for ~100 satellites, so the timing and communication created the rug-pull feel. 6

$TSM is being reshaped by the AI economy in real time. HPC reaches 66% of $TSM revenue, showing how deeply AI demand is already driving the business mix. The bigger kicker: 2nm contributed just 3% of wafer revenue, so the largest node transition has barely started. 7
The AI model price war is no longer a thesis; it has started. Anthropic reset all users’ 5-hour and weekly usage limits. OpenAI again raised Codex and ChatGPT Work usage quotas, and “again” matters because this is a repeated loosening cycle. xAI also reset Grok limits. The direction is clear: capacity is being pushed into the market, and model access is turning into a volume game. 8
#MU Micron’s new long-term contract headline is not fresh alpha. The real event was already disclosed at the late-June earnings call: 16 SCA long-term contracts, locking roughly 20% DRAM and one-third NAND shipments, with 220亿美元 in deposits and financial commitments. Today’s update mainly revealed some customer names, not a new demand inflection. 9

$LCID has ripped almost 200% from the $2.37 lows just a couple days ago. The move is already absurd, but in this tape even one more bankruptcy rumor could squeeze it toward $10. 10

Kevin Warsh is still firmly in inflation-fighting mode. The key takeaway from roughly 5小时16分 of congressional hearings: inflation remains too high, the Fed must get it back to 2%, and one or two better monthly prints are not enough to declare victory. Sustained disinflation is the bar. 11