Taiwan Semiconductor American depositary shares are trading 1.42 percent lower on Monday.

Morgan Stanley analyst Charlie Chan downgraded the world's largest contract-chip manufacturer from Overweight to Equal Weight, while lowering his price target on the company's Taipei-listed shares. According to Chan, Taiwan Semi's gross margins may begin to deteriorate.

Stocks rose on Monday as the initial jolt from the Fed's outlook subsided.

At session highs just before noon, the Dow gained more than 500 points, or 1.6 percent, the most in three months. Nasdaq rose 0.83%, and S

Bitcoin fell nearly 10% on Monday

, as recent volatility in the cryptocurrency market showed no signs of abating. Bitcoin fell as low as $32,094, its lowest level in 12 days, dragging down smaller coins. The drop coincides with a growing crackdown on cryptocurrencies in China, with authorities in the southwest province of Sichuan ordering the closure of bitcoin mining projects on Friday. China's central bank said on Monday that it had recently summoned some banks and payment institutions, urging them to tighten their stance on cryptocurrency trading.

More than 60,000 people have signed petitions to stop Jeff Bezos from returning to Earth after his space flight.

The Amazon founder is scheduled to take off on July 20 for his company's first passenger flight to space. He will be the first of the billionaire space enthusiasts to blast off.

Tesla Elon Musk is tweeting about holding an AI Day in about a month or so.

The billionaire from Silicon Valley will demonstrate advancements in AI software and hardware. Tesla's driver assistance features, which it refers to as "autopilot" or "full self-driving," are intended to make driving more convenient.

According to the Kantar BrandZ Most Valuable Global Brands 2021 ranking, the world's most valuable brands have experienced record growth.

The United States accounts for 56 of the Top 100 brands, with Amazon and Apple leading the way, each worth more than $12 trillion.

Amazon maintained its position as the world's most valuable brand, increasing its value by 64% to US$684 billion (or the equivalent GDP of Poland). Apple is ranked second, with a brand value of $611 billion.

Tesla is the fastest growing brand and the most valuable car brand, with its value increasing by 275 percent year on year to $42.6 billion.

Pinduoduo, Meituan, Moutai, and TikTok from China, and Tesla from the United States, all more than doubled their brand values.

On Monday, Facebook launchs podcasts and live audio streams in the United States.

According to the company, public figures with verified accounts will be able to start live audio rooms. When compared to traditional social media posts, live audio is particularly difficult to moderate. Last week, Facebook CEO Mark Zuckerberg hosted his own live audio room.

Ex-Tesla executive sold $274 million in shares.

Long-time Jerome Guillen, a Tesla executive and president, left the company in June. Since June 10, he has sold an estimated $274 million in shares after exercising stock options. The departure has heightened market concerns about Tesla's future vehicle programs, such as the Semi electric trucks.

Paytm seeks IPO.

According to Bloomberg, Indian digital payments startup Paytm, formerly known as One97 Communications, will seek shareholder approval to sell approximately $1.6 billion in new stock in its initial public offering.

Paytm intends to sell $1.61 billion in new shares, plus an additional 1% for over-allotment.

Paytm intends to offer up to $3 billion in shares in its initial public offering.

SoftBank Group Corp (SFTBY) (OTC: SFTBF), Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B), and Ant Group Co. are among Paytm's financial backers.

On Friday, Nvidia Corp.'s stock rose for the third time in a row.

The stock of the company is on track for its biggest one-month gain since August. Analysts predict that the company's proposed acquisition of Arm Ltd. will be approved by regulators this month. Nvidia CEO Jensen Huang expressed confidence that regulators will approve the company's acquisition of Arm from Japan's Softbank Group Corp. This viewpoint was reinforced on Thursday when Huang and Arm CEO Simon Segars spoke at the Six Five Summit. 

In a separated news, Vivek Arya of Bank of America raised his price target on Nvidia stock from $800 to $900. According to Vivek Arya, the data-center business could become the company's largest segment by 2025. The company is positioned to become a "one-stop shop" for artificial-intelligence processing.