Earnings, AI Capex and a Chips Schism: Markets Digest Record TSMC Revenue, Fed Nuance and High-Expectations Ahead of Earnings

$AMD $META — TSMC’s record June revenue and bullish calls on AMD clash with signs of a chip-stock pullback, while Wall Street’s lofty earnings forecasts and the Fed’s cautious tone add a macro overlay. Institutional letters highlighting value names, Meta’s $50B-plus AI capex pledge and a bank reputational flashpoint create a complex backdrop for portfolios ahead of heavy earnings flows.