WS #12203
TSMC reported record Q2 profit (+77% YoY) and raised capex guidance, but the chip sector sold off on capex concerns, creating a potential buying opportunity in semis. Apple received Chinese regulatory approval for Apple Intelligence, partnering with Alibaba and Baidu, unlocking a major catalyst for AAPL in the Chinese market. Oracle stock hits a new 52-week low, contrasting with the broader AI narrative and raising concerns about its ability to profitably build AI infrastructure.
TSMC Record Earnings but Chip Selloff
TSMC reported record Q2 profit (+77% YoY) and raised capex guidance, but the chip sector sold off on capex concerns, creating a potential buying opportunity in semis.
Apple received Chinese regulatory approval for Apple Intelligence, partnering with Alibaba and Baidu, unlocking a major catalyst for AAPL in the Chinese market.
Oracle stock hits a new 52-week low, contrasting with the broader AI narrative and raising concerns about its ability to profitably build AI infrastructure.