The earnings season is kicking off with the world’s largest chipmaker, Taiwan’s TSMC, reporting second-quarter earnings on Thursday. The results come days after South Korean memory-chip giant SK Hynix pulled off a blockbuster $26 billion U.S. share sale.
Chip Demand and Banking
TSMC, Asia’s most valuable listed company and a key supplier to Nvidia, Apple, AMD, and Broadcom, is expected to offer one of the clearest readings yet on AI demand. Investors will be keen to see whether it upgrades its 2026 revenue growth and capital spending forecasts.
The U.S. earnings season gets under way next week, with Wall Street’s biggest banks setting the tone for what investors hope will be another strong quarter for corporate America. Five of the six largest U.S. lenders, including JPMorgan Chase and Goldman Sachs, report on Tuesday followed by Morgan Stanley a day later.
Economic Data and Trade
A packed week of U.S. economic data could give investors their clearest read yet on whether inflation is cooling – or proving stubborn enough to keep the Fed on its toes. The spotlight falls on June consumer price inflation on Tuesday, followed by producer prices a day later.
Chinese data will be closely watched for signs of how the AI boom and Iran war are impacting the world’s second-biggest economy. Export data on Tuesday are expected to show shipments rising 18.0% year-on-year in June, slightly cooler than the 19.4% expansion seen in May.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
