July 18, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Watch Trump Trade

Please click here for a chart of Taiwan Semiconductor (TSM).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of TSM stock is being used to illustrate the point.
• TSM is important because it is the largest semiconductor foundry in the world.  More importantly, TSM manufactures nearly all of the advanced AI chips.  Nvidia (NVDA) GPUs are manufactured by TSM.
• The chart shows that the Trump trade caused the upward sloping trendline to be broken.