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From the heart of where innovation, money and power collide in Silicon Valley and beyond,

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Hide in Edlund, Lo. I'm Caroline Hyde at Bloomberg's world headquarters in New York. Ed Ludlow here in San Francisco. This is Bloomberg Technology. Coming up this hour, the AI Hypercycle, it's helping TSMC, the company reporting better than expected sales on that boom in artificial intelligence applications demand, but can it support the second

we break down the numbers. Plus the fate of Microsoft 69 billion dollar

takeover of Activision Blizzard it's in the hands of a judge but it was merger arbitrage

specialist glued to the court in San Francisco some even paying line sitters to

snag a seat at high stakes hearing we have the story.

Our Met's newest social app threads topping 100 million users, less than five days, can this hype cycle

hold?

The first, T.S.M.C. Let's bring in our in-house expert, none of them Bloomberg's Ian King, another Brit to add to the mix today.

And Ian, is it because we've seen the stock already outperformed so much that we're seeing a little bit of weakness

or is it more that we're worried about the second half?

I mean it's a mixture of both there. I mean the way to look at this performance is really well

it's not as bad as people thought it might be.

I mean that there are no runaway expectations of things getting better here. It's just like,

well, they kind of did better in a way that we may have expected and things really for the majority of

...