Wall Street Breakfast Podcast: Venezuela Shift Lifts Energy Shares

Oil Market - Crude oil prices are largely unchanged in early trading, with analysts suggesting that the U.S. operation in Venezuela, which removed President Nicolás Maduro, may lead to a potential increase in Venezuelan oil production, adding long-term downward pressure on global crude prices [3][5] - Goldman Sachs analysts predict that any rebound in Venezuelan oil output will be limited and slow due to years of underinvestment and deteriorating infrastructure, maintaining their 2026 oil price outlook at $56 per barrel for Brent crude and $52 for West Texas Intermediate [4][5] - Major oil companies such as Halliburton, SLB, Chevron, ConocoPhillips, and Valero have seen significant premarket gains, with Halliburton and SLB up 8%, and Chevron up 7% [6] Semiconductor Industry - Taiwan Semiconductor Manufacturing Company (TSMC) shares rose 3% in premarket trading after a 5% increase on Friday, following a 35% price target increase by Goldman Sachs to NT$2,330, driven by expectations of solid growth [7] - Goldman Sachs views AI as a multi-year growth engine for TSMC, projecting the company will invest $150 billion over the next three years to increase capacity [8] Technology Sector - Samsung Electronics plans to double the number of mobile devices powered by Google's Gemini AI from 400 million to 800 million by 2026, with a focus on applying AI across all products and services [9] - The co-CEO of Samsung acknowledged the global shortage of memory chips affecting mobile phones and consumer electronics, indicating potential price hikes while working on long-term strategies to mitigate the impact [10]