Core Insights - TSMC has been included in the 2026 "Global Vision" Top Ten Core Assets list, with its stock price increasing by 2.5% [1] - TSMC's 2nm production capacity has been fully booked by global tech giants [1] Company Developments - AMD plans to start production of 2nm-based CPUs in 2026 [1] - Google and AWS are reportedly planning to adopt the 2nm process in the third and fourth quarters of 2027, respectively [1] - NVIDIA is expected to launch its "Feynman AI" GPU in 2028, which will likely utilize TSMC's A16 process featuring a backside power design [1]

Group 1 - Major stock indices are experiencing declines, with Dow futures down 0.63%, S&P 500 futures down 0.90%, and Nasdaq futures down 1.18% [1] - Silver prices have dropped over 15% in a single day, erasing a month's worth of gains, with spot silver trading at $71.5 per ounce, down from a historical high by $50 [1] - Chinese concept stocks are broadly declining, with notable drops including Xiaopeng Motors down 5.5%, Alibaba down 2.7%, and Baidu down 2.8% [1] Group 2 - TSMC's 2nm production capacity has been fully booked by global tech giants, with AMD planning to produce 2nm CPUs starting in 2026, and Google and AWS expected to adopt this technology in 2027 [1] - Citigroup warns that gold valuations have reached extreme levels, with global gold expenditure as a percentage of GDP hitting 0.7%, the highest in 55 years, indicating potential risks for gold prices if the allocation ratio returns to historical norms [2] - Tesla announced the upcoming launch of its third-generation humanoid robot, targeting an annual production of one million units, while the company's stock fell by 1.74% [2] Group 3 - Oracle plans to raise $45 billion to $50 billion for AI data center expansion, amid concerns about its cash flow, leading to a drop of over 5% in its stock price [3] - CoreWeave's stock fell by 3.3% following multiple executives and board members selling shares, including the CEO who sold 82,456 shares for approximately $8.75 million [3] - Barclays predicts that U.S. Treasury bond issuance will remain stable for two consecutive years, aligning with previous policy guidance [2]

Market Overview - Major U.S. stock index futures are down, with Dow futures falling by 0.63%, S&P 500 futures down by 0.90%, and Nasdaq futures decreasing by 1.18% [1] Commodity Prices - Significant declines in precious metals, with silver prices dropping over 15% in a single day, erasing a month's worth of gains. Silver futures fell to $72.35 per ounce, marking a 40% drop from its historical high on January 29. Gold futures also saw a decline, falling below $4500 per ounce, with a cumulative drop of approximately 20% [1] Chinese Stocks - Chinese stocks are experiencing widespread declines, with notable drops including Alibaba down by 2.7%, Pinduoduo down by 1.6%, NetEase down by 2.5%, Baidu down by 2.8%, JD.com down by 2.0%, and Xpeng Motors down by 5.5% [1] Semiconductor Industry - TSMC's 2nm production capacity has been fully booked by global tech giants. AMD plans to start production of 2nm CPUs in 2026, while Google and AWS are expected to adopt this technology in Q3 and Q4 of 2027, respectively. NVIDIA aims to launch its "Feynman AI" GPU using TSMC's A16 process in 2028 [1] Gold Market Analysis - Citigroup warns that gold valuations have reached extreme levels, with global gold expenditure as a percentage of GDP soaring to 0.7%, the highest in 55 years. If the gold allocation ratio returns to its historical norm of 0.35%-0.4%, gold prices could face a significant decline. The anticipated resolution of the Russia-Ukraine conflict and a strengthening U.S. economy could lead to a decrease in risk aversion, further impacting gold prices [2] Tesla Developments - Tesla announced the upcoming launch of its third-generation humanoid robot, with a target production of one million units per year. The company's stock fell by 1.74% following the announcement [2] U.S. Treasury Issuance - Barclays predicts that U.S. Treasury issuance will remain stagnant for two consecutive years, with the Treasury expected to maintain its bond issuance levels in the upcoming quarter and throughout the 2026 fiscal year. This aligns with previous policy guidance [2] Oracle Financing - Oracle's stock dropped over 5% as the company announced plans to raise $45 billion to $50 billion for AI data center expansion. Concerns about Oracle's financing capabilities have led several U.S. banks to halt lending for its data center projects [3] CoreWeave Stock Activity - CoreWeave's stock fell by 3.3% following reports of multiple executives and board members selling shares. The CEO, Michael N Intrator, sold 82,456 shares for approximately $8.747 million [3]