Good morning and welcome to Markets Desk.
Apple is trimming its take from the App Store in the European Union, cutting its standard commission from thirty percent down to twenty-six percent, effective October first. The move follows sustained regulatory pressure under the EU's Digital Markets Act, and while four percentage points sounds modest, it signals that Brussels is successfully reshaping how the world's most profitable platform does business.
Shifting from Silicon Valley to Silicon wafers, Taiwan Semiconductor remains the name analysts keep circling as the AI infrastructure buildout accelerates. The chipmaker sits at the center of every major AI supply chain, and with demand for advanced processors showing no signs of cooling, a growing chorus on Wall Street sees the stock reaching fresh highs before two thousand twenty six closes out.
And a note of caution for momentum chasers — Intuit, MGM Resorts, and Leidos have each surged more than thirty percent off their two thousand twenty six lows, a powerful run by any measure. But slowing growth trajectories, unresolved deal risk, and soft forward guidance are now raising serious questions about whether those recoveries have run ahead of the fundamentals.
That's the tape. Markets Desk, signing off the floor.
