TSMC just delivered record earnings, yet its stock plunged alongside markets across Asia. What caused investors to sell one of the world's most important AI companies despite booming profits?
The big problem on their AI demand is that a lot of that demand is peeling off to Chinese AI which is much cheaper and can write code just as bad as the expensive USA AI.
The free ride on discounted Canadian resources is over , the world wants what Canada has, the U. S. can get these resources from Russia and China at world prices and additional transport charges.
TSMC already building water-hungry fabs in DROUGHT PLAGUED ARIZONA. And planning to build more? And who are they going to convince to live in that oven of a place where you can fry eggs on the sidewalk?
internet was made in 1983 and it didnt really become mainstream until social media and youtube got big in late 2000s. 20 years or more. feels like these ai makers are trying to beat that but the cost is even higher and results are still not clear if its worth it
Too much leverage is why the semis are crashing. Once it is flushed the semis will be fine. The AI trade is real. The capex spending will continue. Won't last forever but will last for a few more years no matter what nears say. Once leverage is flushed and technical damage works itself out, new ATHs.
Globalization is ending for America, while most other main stream economies are increasing global trading relations and some are cutting the US out of that plan.
First half of the day, money was rotating out of Tech and into consumer defensive, etc. But now all sectors are red except Energy. Hedge fund and day traders make these markets manic schizophrenic.
MU techinicals are broken and today's range is 100 points and Reverse Repos $0.1 Billion
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