ASML delivered the goods in Europe, but our TSM still has to survive this morning's CPI tape
← Tuesday, October 13, 2026 · Archive
Morning brief: ASML delivered the goods in Europe, but our TSM still has to survive this morning's CPI tape
Published
ASML Beats as Market Awaits CPI Data
ASML reported third-quarter net sales of €11.7 billion and net income of €5.0 billion while guiding Q4 revenue above consensus at €14.2B to €15.2B, even as U.S. futures tread cautiously ahead of today's CPI release. This print cushions broader semiconductor sentiment after recent selloffs, though rate-path sensitivity hinges entirely on whether inflation data confirms Fed easing.
Sources: investor.asml.com · www.goodreturns.in
ASTS Sinks 8.5% on Broker Downgrade
Piper Sandler downgraded AST SpaceMobile to Neutral and slashed its price target to $54, triggering an 8.54% drop as analysts cited delayed satellite deployments and escalating competition from SpaceX. This directly threatens ASTS's operational timeline by pushing commercial service into late 2027 while capital burn remains elevated.
Sources: www.gurufocus.com · 247wallst.com
BNTX Slips 7.1% on Trial Endpoint Miss
BioNTech tumbled 7.13% after announcing that its mRNA therapy BNT113 failed to reach statistical significance for progression-free survival in the Phase 2/3 AHEAD-MERIT head and neck cancer trial. Although the monitoring committee recommended continuing to assess overall survival, the missed endpoint casts significant uncertainty over near-term commercial timelines.
Sources: www.nasdaq.com · www.gurufocus.com
AMAT Drops 6.7% Despite AI Targets
Applied Materials dropped 6.69% despite unveiling aggressive 2030 targets at SEMICON West, where management forecast expanding wafer fab equipment spending and over $12 billion in services revenue. The slide underscores ongoing profit-taking across semi-cap equipment names as macro jitters and competitive pressures from China overshadow long-term AI upside.
Sources: www.globenewswire.com · www.gurufocus.com
TSM Print and Bank Earnings in Focus
Bank of America and Morgan Stanley report this morning following Treasury's $1.2 billion regulatory penalty on BAC, while Taiwan Semiconductor reports tomorrow to test chip demand. With CNN Fear & Greed sitting neutral at 45, these marquee prints alongside today's CPI report will determine whether this week's consolidation finds support or rolls over.
Sources: home.treasury.gov · tradingeconomics.com
Posture: Defensive posture: with Fear & Greed at 45 and semiconductor volatility rising, we favor cash-generative, earnings-tested defensive compounders.
Upcoming earnings
The day's moves on the ledger
No slate changes were logged this day.