TSMC’s Q2 earnings report is already out, and it’s clearly above expectations. Revenue was $4.02B, gross margin was 67.7%, and its full-year revenue guidance has been raised to “slightly above 40%,” with capital expenditures also significantly increased. If this were me, I still don’t plan to move. With this kind of increase in capex plus an earnings beat driven by stronger-than-expected demand for advanced process nodes and CoWoS, the rebound logic for semiconductors and memory is still intact—my DRAM ETF will most likely keep benefiting as well.