TSMC's Beat And Raised Guidance Still Sink Nasdaq Futures
Nasdaq 100 futures fell roughly 1.1% Wednesday, dragging AI-linked chipmakers as investors questioned whether the rally can keep paying off.
- Nasdaq 100 futures dropped about 1.1% before Wednesday's open, July 16, 2026.
- TSMC posted strong results and raised its own guidance, beating already-elevated Wall Street forecasts.
- AI-linked chip stocks slid regardless, reviving doubts about the sustainability of the AI trade.
Why it matters: Futures did not doubt TSMC's chips; they doubted the story that Wall Street built on top of them.