1. Intel foundry lost to TSMC.
2. Intel chips are inferior to AMD's due to nm constraint. Thus, lost market share to them due to superior AMD chips manufactured by TSMC.
3. Intel should have procured from TSMC much earlier instead of recently to have a chance against AMD. Intel will have to outsource more of its chip manufacturing to TSMC to keep up while it improves its own foundry tech concurrently.
4. Foresee TSMC to have more orders from Intel therefore further improving its earnings.
5. Intel is still a few years out to catch up with TSMC.
Modify on 2024-08-02 22:03
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Investing in TSMC just makes sense. Think about it: nearly every tech device you use, from your smartphone to your laptop, likely contains a chip made by TSM
Might continue to trend down till first rate cuts, this earning season is not good … unless nvda has something up its sleeve it might be doomed
Next week it will be back, August 10, TSM will report the earnings. Should be a good 👍 number.
I'm buying....and muting any negative posts and posters..
Support is around 129 . No need to buy here. Patience.