Tariff policy is reshaping market dynamics faster than most investors realize. The latest EU tariff announcements from Washington are forcing a recalibration of everything from chip supply chains to growth equity valuations.

For growth investors, the real tension right now sits between two extremes: chasing momentum into potential peaks versus missing the next leg up. TSMC's latest earnings painted a vivid picture of how AI infrastructure investments are translating into tangible revenue growth. The semiconductor dominance story isn't hype—it's economic reality baked into hardware cycle forecasts.

Mid-cap tech names positioned along TSMC's supply chain are quietly accumulating advantages that larger-cap names can't match. Meanwhile, emerging narratives around space industry commercialization—including potential public market debuts from major players—are opening fresh risk-reward asymmetries for tactical investors.

The question isn't whether these themes matter. It's whether you're properly positioned to capture the asymmetry before consensus prices it in.