TSMC 2Q24 is good, 3Q guidance even better with margins improvement.
TSMC delivered a good 2Q24, 3Q guidance is even better with margins going up. Revenue growth of High Perf Computing incl. AI and EUV nodes is extremely impressive: above +60% YoY
SEMI valuations: stretched. Room for consensus to move higher? Not easy.
SEMI valuations: stretched. Room for consensus to move higher? Not easy.