Today: 21 July 2026
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NYSE:TSM 12 July 2026 - 20 July 2026

Oil up 13% as AI stocks, Fed and CPI all in play

Oil up 13% as AI stocks, Fed and CPI all in play

Brent crude jumped about 13% in two days, raising worries that higher oil prices could pinch AI-linked stocks just as rate hike odds are rising. S&P 500 futures added 0.1% before the start of Tuesday’s U.S. session. Traders now see a 43.3% chance of a 0.25-point Fed rate hike at the July 28-29 meeting, up from 34.2% Friday. “The prospect of tighter monetary policy into a potential energy shock is rarely supportive for risk assets,” said Chris Weston, head of research at Pepperstone.
AI stocks signal memory premium starting to fade

AI stocks signal memory premium starting to fade

AI stocks ended Monday in the red, though losses varied across the sector. A group of three memory and storage plays tied to AI dropped 7.2%, nearly double the 3.7% loss for a set of four compute and foundry names. The split points to investors shortening their view on how long shortage-fueled gains can last, despite healthy order books and continued spend on infrastructure.
Semiconductor Stocks Drop as Korea’s $576 Billion Plan Rattles AI Supply Outlook

Semiconductor Stocks Drop as Korea’s $576 Billion Plan Rattles AI Supply Outlook

U.S. chip stocks dropped hard Monday, with the Philadelphia semiconductor index sliding 3.6% in late-morning deals as Micron Technology, Sandisk, and SK Hynix paced the losses. Oil prices moved higher on renewed U.S.-Iran fighting, spurring a wider risk-off move. “The conflict is testing whether the stock market’s broad-based growth can hold,” said Alex Guiliano, chief investment officer at Resonate Wealth Partners.
Top Stocks to Watch Now: The Bank-and-Chip Test That Could Decide Wall Street’s Next Move

Top Stocks to Watch Now: The Bank-and-Chip Test That Could Decide Wall Street’s Next Move

Wall Street’s next move hinges on whether profits can broaden beyond artificial intelligence, not on another easy headline beat. The answer is cautiously positive, but the bar is high: year-forward S&P 500 earnings estimates have risen 21% in 2026, roughly twice the index’s gain, while projected second-quarter profit growth has been revised to 23.4% from 15.2% in January. That lifts the growth hurdle by about 54%. Technology earnings are expected to jump more than 65%, so Tuesday’s banks will test whether the rally can spread; chip-equipment and contract-manufacturing leaders later in the week will test valuation. “Earnings are even stronger,” Nationwide strategist Mark Hackett said.
The Biggest Earnings Reports This Week: Banks, TSMC and Netflix Put Wall Street’s Profit Boom on Trial

The Biggest Earnings Reports This Week: Banks, TSMC and Netflix Put Wall Street’s Profit Boom on Trial

The market’s central question is whether the profit surge can broaden beyond artificial-intelligence chips and energy without exposing weaker credit. The evidence points to a cautious yes: analysts expect S&P 500 second-quarter earnings to rise 23.4% from a year earlier, and this week’s bank slate will test loan demand and consumer health. The answer still hinges on Taiwan Semiconductor Manufacturing Co. defending its high-growth, heavy-investment outlook. Guidance — management’s forecast for coming quarters — matters more now than another round of backward-looking beats.
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