Nvidia Plans $100B Ohio Data Center; TSMC Margins Hit 67.7%

Nvidia ($NVDA) is investing $100B for an OpenAI data center in Ohio, according to the Financial Times, marking one of the largest single AI infrastructure commitments to date. The announcement comes as prominent investor Michael Burry warned that Big Tech faces $3 trillion in off-balance-sheet AI costs, taking what sources describe as a victory lap over hidden spending concerns. Billionaire investor David Tepper initiated a new stake in CoreWeave during Q2 while adding to positions in $NVDA, Amazon ($AMZN), and Taiwan Semiconductor ($TSM). Meanwhile, Stanley Druckenmiller shifted his $5.2B Q2 portfolio toward AI data center operator IREN while exiting positions in Broadcom ($AVGO), Intel ($INTC), and Micron.

Taiwan Semiconductor Manufacturing Company ($TSM) posted record Q2 results with margins reaching 67.7% while maintaining strong guidance, positioning the chipmaker as what analysts describe as a bargain for AI infrastructure demand. Intel ($INTC) stock traded higher with technicals showing a neutral RSI of 52.47 and key support holding near $89.50. Advanced Micro Devices ($AMD) consolidated near its 50-day simple moving average, with analysts maintaining Buy ratings and price targets reaching $700. Broadcom ($AVGO) traded near short-term support around $397 as investors assessed positioning in AI-enabling chips. Analysts noted that the AI infrastructure buildout continues to favor chip manufacturers including $INTC, $AMD, $AVGO, and Micron.

Cloudflare ($NET) reported Q2 revenue growth of 36% driven by large customer expansion and Workers platform adoption, prompting the company to raise its fiscal 2026 guidance. Analysts noted they exited their $NET position prematurely given the strong performance. CrowdStrike exceeded Q1 fiscal 2027 expectations and raised annual recurring revenue guidance, though analysts cautioned that valuation appears stretched ahead of late-August Q2 earnings, with potential downside risk of 30%. Microsoft ($MSFT) passed a dividend screen with a 7/10 rating, 0.73% yield, and low payout ratio alongside strong profitability metrics. Alphabet delivered an earnings-per-share beat that boosted Q2 results and record margins, contributing to what analysts described as a 50% earnings improvement with significant caveats.

Bill Ackman's Pershing Square expanded its Q2 2026 portfolio to $19.47B, growing from 10 to 14 positions. Viking Global Investors established new stakes in SpaceX, Morgan Stanley, Qualcomm, and CVS while exiting CoreWeave and Alphabet ($GOOGL) during the quarter. Representative Michael Guest from Mississippi sold stock in Airbnb ($ABNB) valued between $3,003 and $45,000, according to an August 14, 2026 filing. Investor Steve Eisman stated that AI has an Achilles' heel but warned it may still be too early to short the sector's momentum.