July 16, 2026

By Nigam Arora

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

Korea Leading Semiconductors 

Please click here for a chart of Taiwan Semiconductor stock (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.
• Taiwan Semiconductor is important because it manufactures almost all high-performance AI chips.
• The chart shows that even after good earnings, TSM stock has fallen in the early trade.
• The chart shows the drop has caused TSM stock to be close to zone 2 (support).
• In The Arora Report analysis, TSM move above zone 1 (resistance) will indicate another potential leg up in semiconductors.