Anyone care to comment on the justification of the chip selloff being because investors fear there will be a chip glut as consumers buy more chips than they need? I could see this being a concern when manufacturers start saying they are back to full production, but as long as they are not saying that then they obviously can't get the chips they need much less a surplus. Maybe when they start saying production is back to full compacity does it start making sense to fear a glut. I get the market is forward looking, but that is really forward looking to be selling off now. $NVDA $AMD $MU $QCOMM
TSM just announced a massive earnings beat with strong guidance, great for the semiconductor sector! - Revenue: $17.57B vs. $16.97B Expected - EPS: $1.40 vs. $1.30 Expected - Revenue growth of 36% YoY and 12% QoQ - HPC and Automotive driving QoQ growth
GUIDANCE BY TSMC CEO - TSMC sees another strong year for semiconductors. "We continue to observe the structural increase in semiconductor demand." - Expect 2022 revenue to meet or exceed guidance of high-20s % growth in US dollar terms. - Guides on its call for Q2 revenue of $17.6B-$18.2B. Compares with Q1 revenue of $17.57B. HPC/auto growth said to offset smartphone seasonality. - Full-year capex guidance of $40B to $44B is reiterated
$MU!N. I don't doubt some people are taking profits for pennies right now but there's probably a small combination of shorting and short exempts being used
On March 22, the second Global 6G (sixth Generation Mobile Communication) Technology Conference was held online. The conference held comprehensive exchanges and in-depth discussions on more than a dozen key 6G technology scenarios. Recently, 6G has also become one of the focus topics in the A-share / Hong Kong stock / US stock market. On the investor interactive platform, several listed companies revealed the company in the 6G field layout. $WIMI $MU
T
The ceo from $MU MADE NEG STATEMENTS YEST THATS WHAT STARTED THIS CRAMER SAID
- Revenue: $17.57B vs. $16.97B Expected
- EPS: $1.40 vs. $1.30 Expected
- Revenue growth of 36% YoY and 12% QoQ
- HPC and Automotive driving QoQ growth
GUIDANCE BY TSMC CEO
- TSMC sees another strong year for semiconductors. "We continue to observe the structural increase in semiconductor demand."
- Expect 2022 revenue to meet or exceed guidance of high-20s % growth in US dollar terms.
- Guides on its call for Q2 revenue of $17.6B-$18.2B. Compares with Q1 revenue of $17.57B. HPC/auto growth said to offset smartphone seasonality.
- Full-year capex guidance of $40B to $44B is reiterated
$TSM $AMD $NVDA $MU $QCOM
$MU is the most erratic stock.
$WIMI $MU