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In the US stock market selloff, come back and play crypto.
TSMC posted an earnings report that beat expectations, and the market plunged! Samsung also beat expectations, and the market plunged too!
Second-quarter revenue was just reported at NT$1.27 trillion, up 36% year over year, above market expectations; and June alone saw revenue of NT$442.68 billion.
The reason for Samsung’s move was that the AI industry chain valuation was too high; for TSMC, it ran into a warming up of expectations for macro rate hikes. As long as they want it to drop, there’s definitely a way to do it……