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The whispers on Wall Street suggest another strong year for tech, and the reason, predictably, is artificial intelligence. It’s become something of a mantra, hasn’t it? Goldman Sachs, those people who seem to know everything (or at least have very expensive models that tell them they do), predict a double-digit jump for the S&P 500, with AI infrastructure investment being a significant driver. One can’t help but wonder if we’re on the cusp of a genuinely transformative shift, or simply caught up in a particularly enthusiastic bubble. Time, as always, will tell.

The S&P 500, in its infinite wisdom (or perhaps, its profound indifference), managed a modest climb of 0.55%, reaching 6,913. The Nasdaq Composite, ever the eager pupil, followed suit with a 0.91% gain, closing at 23,436. Walt Disney, a kingdom built on nostalgia and mouse ears, eked out a negligible gain of 0.09%, while Comcast, a cable behemoth, fared slightly better with a 1.18% increase. These, however, are merely symptoms. The true illness lies elsewhere. It’s the shadow of debt, the specter of overreach that haunts the streaming landscape.

The S&P 500 (^GSPC +0.55%) edged up 0.54% to 6,913. Thrilling. The Nasdaq Composite (^IXIC +0.91%) managed 0.91% to 23,436. Slightly less boring. Bloom Energy (BE 3.27%) dipped 3.27% to $145.63, while Ballard Power Systems (BLDP +1.92%) saw a modest bump to $2.65. The hydrogen sector is…complicated. It’s like a dating app for investors: lots of potential, but a high chance of disappointment.

The S&P 500, bless its heart, managed a 0.54% gain, finishing at 6,913. The Nasdaq Composite, ever the showoff, jumped 0.91% to 23,436. Regional banks, however, were having a bit of a moment. Fifth Third Bancorp dipped 3.73% (perhaps they also missed some estimates?), and KeyCorp slipped 0.58%. It’s like watching a school of fish – some dart forward, some lag behind, and you’re left wondering if there’s a shark nearby. Investors are reassessing growth plans and mergers, which is just a polite way of saying they’re looking for the next big thing. Or, you know, avoiding the next big flop.

Let us posit a modest stake – ten thousand dollars, a sum sufficient to pique interest, but not enough to induce palpitations. We shall distribute this amongst our chosen trio, a sort of speculative triptych, painted with algorithms and hopes. The horizon, as always, is 2026 and beyond – a conveniently vague promise that allows for both ambition and plausible deniability.

The fourth quarter of 2025, it seems, was perfectly adequate. Sales of $13.7 billion – a smidge above the anticipated $13.39 billion – and adjusted earnings per share of $0.15, exceeding the paltry $0.08 expectation. Quite. But the first quarter of 2026? A projected revenue range of $11.7 to $12.7 billion, and earnings…well, a rather stark zero. Analysts, naturally, were hoping for $12.55 billion and a measly five cents per share. One begins to suspect someone hasn’t been paying attention to the ledger.

The Wall Street cognoscenti speak of the S&P 500 as “the market,” a shorthand that obscures a fundamental truth: it is a curated selection, a committee’s judgment rendered in ticker symbols. It is not an organic growth, but a deliberate architecture. The intent, ostensibly, is to capture the broad contours of American economic activity. But the selection process, and the weighting of its constituents, introduces biases, vulnerabilities, and a concentration of power that demands closer scrutiny.

I underestimated a subtle, yet pervasive force, a contagion of belief. It is a phenomenon not entirely divorced from the fever dreams of humanity, and it demands consideration. The market, after all, is not a ledger of cold calculation, but a collective delirium.

The current expectation, and a reasonably assured one at that, is that TSMC will maintain its trajectory. The prevailing winds, if one may employ a meteorological analogy, are decidedly in its favor. These winds, of course, originate from the burgeoning field of artificial intelligence – a domain of immense potential, and one that demands ever-increasing computational power. It is a force, one suspects, that will not easily be contained.