Earnings season kicks off next week and I'm watching $TSM Thursday most closely. They already telegraphed a strong Q3 — September sales up 54.6% YoY, revenue around NT$1.49T vs NT$1.46T expected — so the print itself isn't the question.
The question is AI demand commentary into 2025. After this week's OpenAI revenue scare, semis are still wobbly (the index slipped again Friday even as the S&P touched a record). $TSM's guidance on AI capex and utilization will set the tone for the whole sector.
I'm bullish on the business but not adding until I hear management speak. Before that, $JPM, $C, $WFC report Tuesday and CPI drops Wednesday — so it's a loaded week. Staying patient.
The question is AI demand commentary into 2025. After this week's OpenAI revenue scare, semis are still wobbly (the index slipped again Friday even as the S&P touched a record). $TSM's guidance on AI capex and utilization will set the tone for the whole sector.
I'm bullish on the business but not adding until I hear management speak. Before that, $JPM, $C, $WFC report Tuesday and CPI drops Wednesday — so it's a loaded week. Staying patient.