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Bank of America: Investors Cover Dollar Shorts After Iran Conflict but Hesitate to Buy

Key Points: Bank of America surveyed fund managers who quickly closed short positions on the US dollar. Traders view the geopolitical shock as a temporary bump rather than a long-term trend change for 2026. Fears of an economic slowdown currently outweigh inflation worries across the broader financial market. Emerging market assets look attractive again because investors previously cleared out their heavy positions. Bank of America...

TSMC Sales Surge 35% as AI Demand Keeps Growing

Key Points: TSMC reported a massive 35% revenue increase during the first quarter. Global semiconductor spending will hit an incredible $1.3 trillion by 2026, according to research firm Gartner. Artificial intelligence companies face severe chip shortages and must secure computing power from multiple sources. Cloud provider CoreWeave saw its shares jump 13% after signing a major computing deal with Anthropic. Taiwan Semiconductor Manufacturing Company (TSMC)...

Big Tech Funds Small Nuclear Reactors to Power AI Data Centers

Key Points: Tech giants like Meta, Amazon, and Google are paying for new nuclear reactors to run their power-hungry artificial intelligence data centers. The Energy Information Administration expects the United States electricity use to grow by 1% this year and 3% next year. Strong tech company bank accounts give commercial lenders the confidence they need to finance unproven nuclear projects. The nuclear sector still struggles...