Monday, August 10, 2026

The tape is all Nvidia and AI infra today. TSMC July revs up 44.7% to $16B. BofA says NVDA’s next print kicks off a multi-quarter upgrade cycle. The third story is the weird labor print—weak NFP but unemployment still fell. Nvidia is teaming up with Wall Street asset managers on a $500B AI infra push. This is interesting—it’s not just selling shovels anymore, it’s financing the gold rush. Watch this space. TSMC and Sony dropping another $6.4B on a Japan chip plant. The issue is, TSMC stock didn’t even budge on the 44.7% sales surge. Good signal for semis demand, bad signal for how much is already priced in. CoreCivic stock jumped on an accelerated buyback. Not sure people appreciate how much the private prison trade is a pure play on policy tailwinds right now. RBI held repo at 5.25%. Anchoring real estate growth while the rest of the world panics about cuts. The rupee playbook is steady as she goes.

The tape is all Nvidia and AI infra today. TSMC July revs up 44.7% to $16B. BofA says NVDA’s next print kicks off a multi-quarter upgrade cycle. The third story is the weird labor print—weak NFP but unemployment still fell.