TSMC Q2 CapEx Hits $15.59 Billion as 2026 Budget Raised a Third Time

Intel shares gained approximately 0.5% to $122.46 as Meta's Muse agent revived the case for server CPUs in an AI market dominated by accelerators. The Muse agent runs through its own virtual computer and can keep working on longer tasks even after a user exits the application, creating demand for general-purpose compute around the model itself. Intel is trying to capture that layer as its business rebounds, with second-quarter revenue rising 25% to $16.1 billion and the company rolling out its Xeon 6+ server processor built on Intel 18A. Still, Muse is evidence of a potentially expanding workload, not evidence of an Intel design win, and Intel now trades 281.26% above its $32.12 GF Value estimate. The real payoff comes only if autonomous agents drive incremental server deployments and Intel wins enough of that spending at attractive margins, making Xeon availability, power efficiency, hyperscaler adoption and Intel 18A execution the numbers investors should watch.

Alibaba Group set an aggressive target of more than 20 gigawatts of global data-center capacity by 2032, sending its U.S.-listed shares up approximately 3.2% to $119.43. Reuters reported that Alibaba is developing an AI model with between five trillion and 10 trillion parameters while preparing its Zhenwu V900 accelerator for commercial availability in early 2027. The chip is expected to deliver roughly three times the performance of its predecessor, and Alibaba is designing clusters capable of scaling toward 500,000 chips. Twenty gigawatts equals 20,000 megawatts of potential data-center capacity, so utilization and customer demand will eventually matter as much as headline scale. The shares trade at $119.43 against a GF Value estimate of $121.27, leaving Alibaba about 1.52% below GF Value.