苏36
10-16 15:09
🅲 It depends. I'd be more selective about which AI stocks I own.

TSMC’s results reveal an important distinction: AI demand can remain strong while stocks deliver disappointing returns.

Revenue surged 41%, profits hit a record, and fourth-quarter guidance exceeded expectations. Yet the stock fell. Investors now want proof that massive AI investments can generate sustainable returns.

The risk isn't that AI demand disappears, but that expectations and valuations have risen so high that even excellent earnings may disappoint. AI infrastructure companies also face rising costs and uncertain returns.

I'd favor businesses with strong cash flows, pricing power, and visible earnings growth over companies relying on debt and distant profit projections.

My view: AI remains a long-term opportunity, but stock selection matters more than buying the theme. The next winners will turn growth into real cash, not just headlines.

@Tiger_Earnings [龇牙]

TSMC Profits Hit Record Highs — Why Is AI Hardware Still Being Sold?
TSMC fell 1.80% and Nvidia dropped 1.84% despite TSMC beating quarterly estimates. Revenue reached NT$1.49 trillion, net profit hit NT$763.1 billion, and operating margin topped guidance at 58.7%. Bulls cite strong Q4 guidance and advanced-chip demand; bears warn that higher 2026–2028 capex could strain customer funding and AI returns. Should investors follow TSMC’s capacity execution and Nvidia orders, or wait for clearer capex payoffs?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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