From todayTSMC Approves $40.93B for Capital Spending and Hikes Quarterly Dividend

• 

  74%

  −0.4%

  DeepSeek closes at least $12 billion financing and expands Huawei-based AI infrastructure

  The financing accelerates Chinese AI infrastructure spending but creates a competitive overhang for US equities: the broad market falls 0.4%, erasing $384 billion over 20 days. Infrastructure-linked specialists can advance, while broad-market sensitivity and supply-chain pressure weigh on mega-cap technology holdings.

  Non-Energy Materials −0.5% · Energy −0.5% · Finance −0.5%

• 

  40%

  0.0%

  DeepSeek completes a reduced Tencent/CATL-led private financing

  A completed reduced DeepSeek financing creates a narrow AI-infrastructure rotation, while the broad equity market remains effectively flat at -0%. Technology and Consumer Non-Cyclicals gain, while Finance and Healthcare lose value; the split reflects direct data-center demand versus weaker risk appetite elsewhere.

  Consumer Non-Cyclicals +0.1% · Consumer Services −0.1% · Finance −0.1%