Meta Eyes $10B AI Deal; TSMC Posts Record Quarter

Meta Platforms ($META) is weighing an AI compute deal valued at up to $10B with Anthropic, according to a proposal initiated by the AI company in June. Under the terms being discussed, Anthropic would pay $META in monthly installments for access to its infrastructure, marking a significant monetization opportunity for Meta's AI computing resources. The deal structure would represent one of the largest infrastructure agreements in the AI sector to date. Separately, CuspAI launched its AI Materials Foundry, a global network bringing together data, labs, compute and scientific expertise orchestrated by a single agentic platform.

Taiwan Semiconductor Manufacturing Company ($TSM) delivered record second-quarter revenues of $40.2B, driven by surging demand for AI-optimized chips. The chipmaker passed all eight rules of the Navellier growth screen, demonstrating strong momentum in earnings, sales, and efficiency metrics including high return on equity. $TSM is experiencing an unfolding capital expenditure boom as AI infrastructure buildouts accelerate globally. Korean chip stocks including Samsung and SK Hynix extended their selloff heading into U.S. big tech earnings week, potentially setting the stage for spillover effects into U.S. semiconductor names.

Alphabet ($GOOGL) is escalating its campaign to challenge Nvidia's dominance in artificial intelligence chips, deploying creative dealmaking strategies to push its Tensor Processing Units into the wider market. The company is going toe-to-toe with Nvidia as the AI chip war intensifies, according to exclusive reporting. $GOOGL faces a key milestone with expectations building ahead of its July 22 event, with historical trends suggesting potential for positive movement. The chipmaker competition is reshaping the AI infrastructure landscape as cloud providers seek alternatives to Nvidia's dominant position.

Dell Technologies ($DELL) and Super Micro stocks rose in premarket trading after Elon Musk denied a report of a $52B AI server deal with Foxconn. The two companies have traditionally supplied AI servers to SpaceX, and the rumored Foxconn arrangement would have represented a significant blow to their enterprise server businesses. Musk's denial removed a key overhang for both suppliers, which remain primary vendors for AI infrastructure deployments. The clarification provided relief to investors concerned about potential market share losses in the rapidly growing AI server segment.

Netflix ($NFLX) is on track for its worst year since 2022, with the stock down 26% year-to-date despite viewing hours on the service increasing in 2026. Following its latest earnings report, Phillip Securities upgraded $NFLX to Buy, viewing the stock decline as a buying opportunity with a price target suggesting 60% upside potential. Analysts characterized the streaming platform as evolving into a global consumer-tech platform with software-like economics, pricing power, and low direct AI disruption risk. The post-earnings dip has attracted contrarian analysts who see the sell-off as disconnected from the company's operational performance and viewing engagement metrics.

Investor attention turns to Alphabet's July 22 event, with historical patterns suggesting potential for positive momentum in the stock. The coming week features earnings reports from major technology companies, which could provide further clarity on AI infrastructure spending trends and cloud growth trajectories. Korean semiconductor weakness heading into U.S. tech earnings could create cross-market volatility, particularly if results disappoint. The Meta-Anthropic infrastructure deal, if finalized, would establish a new template for AI compute monetization among hyperscale cloud providers.