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Commentary
Most second-quarter earnings announcements are in the books, but most corporate news remains strong. Last Thursday, Taiwan Semiconductor (TSM) announced August sales up 53.3% compared to the same month a year ago. TSM is a major supplier to Apple, Microsoft, and Nvidia, so its record sales in August deliver a strong boost for many other technology stocks, as well as AI and data center-related stocks.
The other big stock news last week was the disclosure of an August 21st SEC filing showing that Nancy Pelosi’s husband bought up to $12 million of Bloom Energy (BE), including two big option bets, which sparked a big rally. Then on Tuesday, it was announced that Bloom Energy will be added to the S&P 500 on September 21st. For some odd reason, Nancy and Paul Pelosi are a pair of the world’s greatest investors….
Most second-quarter earnings announcements are in the books, but most corporate news remains strong. Last Thursday, Taiwan Semiconductor (TSM) announced August sales up 53.3% compared to the same month a year ago. TSM is a major supplier to Apple, Microsoft, and Nvidia, so its record sales in August deliver a strong boost for many other technology stocks, as well as AI and data center-related stocks.
The other big stock news last week was the disclosure of an August 21st SEC filing showing that Nancy Pelosi’s husband bought up to $12 million of Bloom Energy (BE), including two big option bets, which sparked a big rally. Then on Tuesday, it was announced that Bloom Energy will be added to the S&P 500 on September 21st. For some odd reason, Nancy and Paul Pelosi are a pair of the world’s greatest investors….
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