TSMC Tops Foundry Rankings

Intel (INTC) CEO Lip-Bu Tan bought $10M of stock at $95, but shares now trade below that price. Q2 Data Center and AI revenue surged 59% to $6.3B, while Intel Foundry posted a $2.1B operating loss. Intel's stock is at $93.05 as of August 28, 2026.

Nvidia reported strong results and forecast 70% revenue growth in 2028, exceeding analyst expectations. Its shares rose 9%, lifting other semiconductor and software stocks. Salesforce gained 23% after beating forecasts. Fed Chair Warsh's speech at Jackson Hole may impact market sentiment. The Dow, S&P 500, and Nasdaq have risen 11.5%, 12.9%, and 14.2% year-to-date, respectively. The FTSE100 lagged due to low tech exposure but gained 9.1% year-to-date.

Marvell (MRVL) fell 7% despite beating estimates and raising FY2028 revenue target to $18B, as Google AI payoff delayed to FY2029. Google holds a warrant for up to 7% of MRVL shares. NVIDIA (NVDA) and Intel (INTC) saw minor declines. Investor Day on Oct 6 is the next catalyst.

Moody’s affirmed TSMC’s Aa3 rating and revised its outlook to positive, citing strong AI demand and tech leadership. The agency expects 30-40% revenue growth and improved EBITDA margins over the next 12-18 months. TSMC’s cash position remains strong, and Moody’s notes potential upgrades if the company maintains its market position and financial health.

Intel (INTC) raised $23B to expand AI chip production, with plans to begin Intel 14A risk production in 2027. The company expects data-center demand to drive growth, with CPU requirements increasing for AI workloads. Intel aims for gross margins in the mid- to high-40% range and foundry break-even by late 2027 or 2028, with advanced packaging as a key growth area.

U.S. stock futures were mixed on Tuesday, with Nasdaq and Russell 2000 futures up 0.1%, Dow futures down 0.1%, and S&P 500 futures flat. Investors await July CPI data and geopolitical tensions impact sentiment. Key earnings reports include SMCI, CRWV, CAVA, LITE, and SLS. NVDA labeled AI data centers as investable assets, INTC upsized its share sale to $20B, and RIOT secured a $9.1B deal. RKLB shares fell despite a revenue beat, ASTS extended selloff, and SPCX faced lockup expiration pressures.