Institute: Bitcoin is expected to rise in the second quarter

The surge in AI demand has led to a severe shortage of advanced production capacity at TSMC, with N2 and N3 nodes almost fully booked by Apple and NVIDIA. Following Samsung's move in July to raise 4nm and 5nm process prices by 10–15%, TSMC plans to follow suit, with N3 already increasing by 15%. Prices for N2 and N5 will rise another 5–10% by early 2027 at the latest, and mature nodes such as N12, N16, and N28 will also see hikes of up to 10%. Strong pricing power has prompted Wall Street to significantly raise its earnings forecasts and target prices for the company.

This incident reveals that the norms of transatlantic financial cooperation are on the brink of collapse. The United States' unconventional unilateral financial actions have triggered deep anxiety in Europe: the political intervention by the Trump administration is disregarding the interests of its allies and could even weaponize the very foundation of global financial stability. Despite the Federal Reserve’s efforts to reassure, it can no longer guarantee against the unpredictability of the U.S. executive branch, severely damaging mutual trust between Europe and America.