TSMC Pledges $100B U.S. Expansion; Uber Eyes Delivery Hero

Taiwan Semiconductor Manufacturing Company ($TSM) pledged an additional $100B in U.S. investment despite reporting a 77% increase in quarterly earnings, though the stock declined following the announcement. Bank of America's latest fund manager survey identified long semiconductor positions as the "most crowded trade ever," raising concerns about valuation extremes after a historic run in 2026. $TSMC stock dropped as investors weighed geopolitical tensions and chip sector weakness against the earnings beat.

Advanced Micro Devices ($AMD) received a price target increase from BofA Global Research to $620 from $550, with analysts suggesting the company's artificial intelligence story extends beyond graphics processing unit competition with Nvidia ($NVDA). The next phase of AI infrastructure may not rely solely on GPUs, potentially revealing what analysts describe as $AMD's "hidden AI weapon." Meanwhile, Apple is exploring acquisitions of AI chip startups, according to reports, as the company seeks to strengthen its semiconductor capabilities.

Uber Technologies ($UBER) advanced negotiations to acquire Delivery Hero in a deal valuing the German food delivery company at approximately €12.5 billion ($14.34 billion), according to the Financial Times. Delivery Hero, which has a market value of roughly €11.6 billion, confirmed it was in advanced negotiations regarding the potential takeover offer. The transaction would significantly expand the Uber Eats food delivery network across Europe, the Middle East, Asia, and Latin America. Germany's Delivery Hero said it supports the €13 billion takeover offer from $UBER.

Separately, $UBER announced an expansion of its retail offering through a partnership with GameStop, allowing customers to have video games, consoles, accessories, collectibles, and other electronics delivered from GameStop stores across the U.S.

ServiceNow ($NOW) stock declined 76% over the past five years, yet current valuation checks still flag the shares as expensive rather than a clear bargain, according to analysis. The 76% fall over five years leaves long-term holders with sizeable losses, raising questions about whether the recent share price adequately reflects the company's fundamentals or still embeds excessive optimism. $NOW stock trades at a premium despite the steep decline.

Dell Technologies ($DELL) joined a new global AI coalition for urban transformation as a founding member, led by research firm ThoughtLab. The initiative focuses on real-world AI deployment in cities worldwide and aims to produce an evidence-based AI playbook and benchmarking model for urban stakeholders. $DELL, known for its infrastructure, PCs, and enterprise solutions, is expanding its AI activity by helping cities deploy artificial intelligence.

Alphabet ($GOOGL) and Meta Platforms ($META) continue to compete in artificial intelligence development, with analysts suggesting the companies may be competing in another field soon. Investment analysis highlighted Alphabet as a top AI stock pick for investors with $500 to deploy. Both companies remain central to enterprise AI adoption as they expand their machine learning capabilities.

Netflix ($NFLX) faced concerns ahead of its July 16 earnings report, with subscriber engagement issues flagged as a potential warning for investors. $NFLX appeared in focus alongside other technology names as Nasdaq and S&P 500 futures slipped, with Iran tensions and chip weakness keeping investors on edge. Retail sentiment remained bullish on broader market indices according to Stocktwits data.

Micron Technology and Marvell Technology ($MRVL) were highlighted in Zacks Investment Ideas for AI-driven opportunities as demand for advanced memory and networking solutions accelerates. Both semiconductor companies stand to benefit from the ongoing build-out of AI infrastructure. Meanwhile, IBM faced questions from investors following a sharp post-warning selloff, with market participants awaiting its Q2 report and updates on AI strategy and guidance.

CoreWeave, an AI infrastructure provider, has fallen 49% from its 52-week high, raising questions about whether the beaten-down stock represents a bargain or a value trap. The company faces enormous losses and substantial capital bills despite maintaining a large backlog of business.