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Last Thursday, Taiwan Semiconductor Manufacturing (TSM) reported its June sales soaring 67.9% to a record $13.99 billion. TSM also said its second-quarter sales rose 36% and earnings surged 77.4%. Then they raised sales guidance above analyst estimates. That led to profit-taking and mean reversion algorithms causing a short sell on the news, but TSM’s results and guidance bode well for all AI stocks.
Underlining the strength of data center stocks, The Wall Street Journal published an article entitled: “AI Data-Center Construction Is Booming—but Not Much Else Is.” This indicates AI data center stocks will likely dominate second-quarter announcement season. Not only did TSM pre-announce record sales growth, but ASML also announced stronger-than-expected second-quarter results and raised its guidance….
Last Thursday, Taiwan Semiconductor Manufacturing (TSM) reported its June sales soaring 67.9% to a record $13.99 billion. TSM also said its second-quarter sales rose 36% and earnings surged 77.4%. Then they raised sales guidance above analyst estimates. That led to profit-taking and mean reversion algorithms causing a short sell on the news, but TSM’s results and guidance bode well for all AI stocks.
Underlining the strength of data center stocks, The Wall Street Journal published an article entitled: “AI Data-Center Construction Is Booming—but Not Much Else Is.” This indicates AI data center stocks will likely dominate second-quarter announcement season. Not only did TSM pre-announce record sales growth, but ASML also announced stronger-than-expected second-quarter results and raised its guidance….
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