Caroline Hyde

AI remains a tale of two markets.

Let's talk about that.

With TSMC, for example, hardware, defying Middle East volatility with a 35% revenue increase.

As AI infrastructure demand just surges, but software stocks, just look what happened across Asia trading, for example.

They're continuing to struggle and they're sinking here in the US too.

Bloomberg's Yuh-Kyung Lee can talk us through it all.

Let's go to the glass half full TSMC numbers.

I mean, a very round number right now, 2,000 out of 45 points.

But then on the downside, same thing is happening here in the U.S.

People are selling off software.

What sparked it in Asia?

Absolutely.

We want to thank you, Yoke Young-mi, all over what's happening with the Asian trade.

Let's bring it back to the United States and more broadly, Sylvia Jablonski is with us, CEO at Defiance ETFs, saying the markets are being driven by two powerful forces right now as well.

On one side, it's AI growth.

On the other side, it's geopolitical tension.

And look, as we head towards a weekend where there will be discussions and Vice President Vance flying out at the moment to hopefully secure a more secure economy,

end or resolution to the conflict, how does that affect what you're seeing in terms of purchasing of the ETFs?

Yeah, so it's really interesting.

I think that what we've seen over the last couple of months or so is that a lot of the thematic ETFs that are in the AI space, whether it's AI power, whether it's AI infrastructure, whether it's like the straight chip names, you know, they've taken a hit very much like they have in other crisis scenes, whether it's, you know, Ukraine tension, whether it's COVID, things like this.