ASML

elgrandorado

MELI and DHI are about 10% lower than my entry price. DHI in particular had a great earnings report but sentiment needs to change around the reality of the business model. SPGI has barely dropped but I've been amassing a large stake there as well. MCO and V are starting to become more interesting options too as their respective prices drop. I would double my DHI stake at these levels, and maybe buy a bit more MELI if it continues to draw down. I have enough international exposure between MELI and ASML, and I'm not interested in adding more geopolitical risk to my portfolio.

STACKS-aayush

Personally I find it hilarious that people are panicking over the semiconductor space in general over ASML's sales slowing down. ASML for the most part sells *capital goods*, i.e. machinery that is needed to make chips. This is as cyclical as it gets. They lock in orders placed some time in advance and the machines get delivered to customers based on a set time-frame as agreed in the contract. It should be obvious that after Samsung, TSMC or TI or Intel announce they are building factories at X, Y or Z locations, they will place a mostly confirmed order with ASML for a set number of machines, and until more factories are added, ASML is going to sit pretty on its butt for a while. The real question people should be asking is whether ASML's peers have managed to release a machine that is as good as, if not better than ASML's for the bleeding edge. One of ASML's biggest moats is that it actually has people on the factory floor to operate the machines it sells to its customers - I read this in a research report on the semiconductor space. So there is an effective service lock-in. Why am I mentioning ASML in a thread about Nvidia? Because ASML's sales slowdowns don't mean much for design firms. If Nvidia needs 10 million chips to be produced during a specific time frame, and Samsung/TSMC can accommodate that requirement, it doesn't matter one bit to Nvidia's bottom line whether the foundries are expanding their production lines or not. The only thing that matters is whether Nvidia can get enough of these items out of the door into their customers' hands. You might say that this implies silicon design firms are placing fewer orders with foundries so they see no reason to expand. However that misses an important point - creating new fabs take time - at least 2-3 years. Foundries are not going to announce new fab locations every 6-8 months and have them all ready to output chips at quick notice. So if an Nvidia needs 30 million chips now, but TSMC can only supply then 15 million, it will take a while before new production lines are set up (think a couple of years) and at that point the Nvidia's requirement may have changed completely after coming to terms with the reality of their market. So an immediate drop in demand doesn't mean anything for long term growth. But because design firms tend to be relatively asset-light, they don't have to bear the risk of capacity expansion at their supplier coming in too late.

Notorious544d

This could be the start of the AI bubble pop. First ASML announces disappointing earnings, then TSMC subtly downgrades their guidance. I think NVDA overestimated guidance for their AI chips, thinking that demand will stay at this level for the next year or so, when in reality, it was a bit of FOMO from everyone and more of a short term spike

maikaubay

ASML and TSM are pointing fingers at each other, then they quickly agreed to blame it on Israel.

EagleOfFreedom1

Clearly there is a rotation out of tech into other sectors due to underwhelming performances from TSM, ASML, and now SMCI. Nothing illegal about it.

_hiddenscout

Probably more related to SMCI news, I'm guessing. SMCI didn't preannounce compared to the past few quarters, so that that's dumping at least. Not a great sign. Plus market wasn't happy with TSMC and ASML numbers.

majordominus

Market finally believed the FED? Fuck ASML and TSM lol

davidbigham

ASML and TSM fked me so hard this week. gonna need to suck a lot of dick to get back the money 

Retropixl

Thanks for the insight, yeah I’ll probably just go with an ETF, all the companies are better than just one. I really like ASML and AMAT, so why not just get the ETF which has both.

Pennies_OnThe_Dollar

All great, essential companies. Cant go wrong with any of them. My personal favorite is AMAT. They make the machines that make semiconductors, which the demand for is only growing. They are also not segmented to just one type of chip. They make the equipment needed for both low end chips and high end chips. Contrast this to ASML which has a monopoly on making the piece of equipment needed only in very advanced chips. Additionally AMAT has rewarded their investors in both price appreciation and dividend income, which they have committed to growing their dividend 20%/year for the next for years as of 2023. SMH is probably your safest route to avoid having all your eggs in one basket and being upset if the stock you picked slightly underperforms the others. Lets be honest, stock picking is very emotional with a lot of hindsight biases

Quixotus

ASML meh, TSM meh, SMCI not providing preliminary estimates RIP AI hype

TastyToad

>What makes TSM more "tech" than ASML? The other way around, ASML is more "tech". This is my subjective take and without doing any research lately so I may be wrong. ASML is an equipment producer. They do a lot of research, maintain their own large network of suppliers and subcontractors (they even buy the ones that they deem of critical importance). The end product is a bunch of insanely complex and expensive machines that are tailored to each customer's needs, and come with a long term maintenance contract and a team of maintenance engineers working on-site with the customer. TSM is a mass-producer. Due to the nature of their product they also do a lot of research, maintain a network of suppliers (ASML being one of the more important ones), but the core of their bussiness is putting together and optimizing production lines. Don't get me wrong, this is still insanely complex and research intensive process, so maybe the only difference is my own perception, but at first glance they are more towards the manufacturing end of spectrum than ASML. They have more manufacturing type overhead (look up how many various toxic chemicals they need to operate, or how do they have to pre-process water before they can use it, or how they handle seismic risks) than ASML in my opinion.

usrnmz

Thank you for your insights! Yeah the China risk is an important factor, we'll have to see. I only recently got into investing and picked up some TSM to get some exposure to tech / AI. Not sure if it was the best choice but to me it seemed the most fairly valued. What makes TSM more "tech" than ASML?

chahan412

Yeah but Japan has a lot of semicon companies like Tokyo Electron that are as major as TSM, ASML. TSM tanking means semicon industry doing bad, so most of these Japanese semicon tickers down 5-7% today, dragging Nikkei down.

TastyToad

TSM is likely to remain the leader of high end manufacturing processes, at least for a decade. Even without AI boom they were doing great, with only Samsung to worry about. Chip demand is somewhat cyclical, depending on the segment, but they were maintaining heealthy margins regardless. They are the beloved child of Taiwanese government, getting all the support they need. They are the company all Taiwanese parents would like their children to work at, top dog in their most important industry. Meaning they have infrastructural, legal and financial support, steady inflow of well educated and motivated workforce. They won't likely find that much success in the USA where the wages are higher, especially in areas where they do have some problems recruiting (software & AI), enviromental issues may get in the way more, and the government might decide to help Intel become the leader in the end (provided Intel can finally get it's shit together). But they are expanding into Japan as well, and this seems to go smoothly and both wages and culture there are more in their favor. The main risk to their dominance is China. If Xi decides to blockade, invade or burn Taiwan to the ground before they successfully expand globally they are fucked. If China has the change of heart, renounces the mistakes of the last decade and sanctions get lifted SMIC will try to eat TSM's lunch. They enjoy similar levels of government support and mainland has much much deeper pockets. They've been stealing what they can, poaching top talent from TSM & Samsung, and had some limited success with going forward, despite being cut off from the high end machinery. Re: valuation. NVDA: p/e 70.93, forward p/e 27.81 TSM: p/e 25.18, forward p/e 17.50 ASML: p/e 45.45, forward p/e 28.09 At face value this seems true, they are less overvalued. But that's ignoring the specifics. While all 3 are part of the same food chain and undisputed (for now) leaders in their respective niches, they are in different places, have different risks associated, different problems with growth. TSM is the most "manufacturing" and least "tech" of the three so it makes sense that it would have lower multiples. I'd have to write another essay (and probably do some research first as I didn't look into them lately) to back it up so I leave it at that.

RijnBrugge

The EU just started building joint ventures with TSMC in Europe. The mutual reliance with ASML is a winner. In fact, EU+Taiwan can cut the US in a pretty serious way, by that logic.

88crypto

You didn't see what happened to ASML? 

phancdp

I totally agree that China is an amazing economic success. The book Chip War talks about how Japan was all the rage in the 80s. It talks about pretty much the entire history and about Texas instruments, micron, the different kinds of chips, logic, nand/memory, etc. Also how all cutting edge chips can't be made without american/Japanese machinery, Dutch (ASML) photo lithography, Taiwanese foundries, etc. And then assembled in China. It's a complex supply chain. I'm not sure why you're bringing up Nazis and the Japanese during ww2. The British and French used to hate each other too now we are all allies. China is our current biggest threat and it seems you don't have any issue that our companies offshoring there while China is cheating and stealing technology and doing massive subsidies and other protectionist tactics. They're literally doing what any nation that industrialized has always had to do in the past. Britain did it too when they started the industrial revolution. Which is good for China i respect that. But it doesn't mean it's in America's best interests. Im not sure that domestic source rule youre talking about is the main cause, at least based off all the things I read In Chip War. So the reason TSMC is the powerhouse it is because they produce chips for all the designers since it would be cost prohibitive for the designers to also produce their own chips. Its basically impossible for any one country to control every single aspect of the supply chain without massive government subsidies since the amount of capital required to maintain and continously upgrade and innovate I'd massive. Hence you see why various parts of the cutting edge chip making process is spread all across the world. Here's some passages from the Book chip war: "A typical chip might be designed with blueprints from the Japanese- owned, UK- based company called ARM, by a team of engineers in California and Israel, using design software from the United States. When a design is complete, it’s sent to a facility in Taiwan, which buys ultra- pure silicon wafers and specialized gases from Japan. The design is carved into silicon using some of the world’s most precise machinery, which can etch, deposit, and measure layers of materials a few atoms thick. These tools are produced primarily by five companies, one Dutch, one Japanese, and three Californian, without which advanced chips are basically impossible to make. Then the chip is packaged and tested, often in Southeast Asia, before being sent to China for assembly into a phone or computer." “U.S. companies like Applied Materials, Lam Research, and KLA are part of a small oligopoly of companies that produce irreplaceable machinery, like the tools that deposit microscopically thin layers of materials on silicon wafers or recognize nanometer-scale defects. Without this machinery—much of it still built in the U.S.—it’s impossible to produce advanced semiconductors. Only Japan has companies producing some comparable machinery, so if Tokyo and Washington agreed, they could make it impossible for any firm, in any country, to make advanced chips. " "The Dutch company ASML builds 100 percent of the world’s extreme ultraviolet lithography machines, without which cutting-edge chips are simply impossible to make. OPEC’s 40 percent share of world oil production looks unimpressive by comparison."

usrnmz

What's your long-term take on TSM though? I agree with you that the AI demand could very well slow down soon but aren't they still in a great position for the chip industry as a whole? Also they seem far less overvalued than NVDA & ASML etc.

Fikkafikation

Not exactly but imo a bit over valued because of the AI hype. ASML, TSM, they all got hammered pretty bad so if you look at sectors in the market I would say they might have the most to lose. It's just my personal feel to be clear, no data to support.

FalseFurnace

Someone who actually has a clue. Those cutting edge nodes ie 3nm are manufactured by 2 companies Samsung and TSM and TSM has 90% of that market yet they are essential to all advanced electronics include AI chips; the AAPL iPhone 15’s GPU is a 3nm. Intels slow to the party but they are close to being the 3rd. Their saving grace is they are domestically owned and the Chips Act will treat them with higher priority which further cushions the R&D required to innovate. Cutting edge fabs and the development of the chips exponentially more expensive than less advanced nodes. They’ve suffered financial to stay competitive long term their labor is now coming to fruition. Their current financials are not great obviously so intrinsic value is not a viable measure considering the underlying story. Intel published a photo of them unboxing the ASML lithography machine back in January which btw is a $600 million investment. Reading Gelsingers comments and earnings calls, it is clear the next few years are the target years for turning the corner. The payout if they are successful is substantial. So intel is a growth play and a gamble however the potential to become a US domestic cutting edge node manufacturer during the cusp of the AI era justify the risk.

Cobra25k

I think now that you have arguably the three biggest companies reporting earnings so far in ASML, TSMC, and NFLX all reporting pretty dang good earnings and yet all selling off after its pretty concerning for the rest of the market.

Euro347

ASML missed sales expectations. People are learning that AI is power hungry and expensive for little return on the bottom line.

Pale_Ad7012

There is no way anyone will let intel go under. What you guys need to understand is that Intel is front line in the security of the US. Nvidia, AMD can go under but not intel. I am buying. TSMC is a foreign company. Also intel owns 15% of ASML. That is worth $60billion by itself. Also you know information is definitely leaking from ASML to Chinese. The US govt will probably put a stop to that by moving all advanced chip tech to US at some point.

Roxfall

After ASML, TSM and NFLX earnings went down as they did, shouldn't we be shorting all of these companies the day before? 

Investiv

ASML and AMAT. ASML is essentially a monopoly chip makers depend on that buys back a ton of shares. Hold it long enough, it will pay off. AMAT is a generalist in semiconductors that does a bit of everything, does it pretty well, and will likely continue to be a resilient key player in the industry because of it.

ACiD_80

Said the same after ASML... Yet, here i am

SnS2500

They are all about equal. Forward PEs all 20-24. ASML may be a bit more vulnerable to cyclicity because of the gigantic nature of their new device, and AMAT has a Justice Department lawsuit pending against them, so if you only wanted one I'd flip a coin between KLAC and LRCX (tho "klac" is the one more fun to say)... If you can afford it, I'd definitely suggesting splitting your money between all four rather than pick only one.

BlackStackofCrack

Where’s the regard that said Netflix calls, ASML calls and UAL puts were no brainers? Dude was completely wrong on all of them 

Velvet_Mafia_NYC

I'm buying the ICU dip and buying more ASML

Nameless739

Had calls on both NFLX and ASML, AMA

Ctu_King

Funny, today i realized both ASML and TSM sucks!

SevereSignificance81

Lots of companies tried to displace ASML's lithography dominance in the 20th century. The issue is that they weren't as high quality and had to be recalibrated more frequently, while ASML's machines kept making fabs. I recommend reading Chip Wars if you're a semi investor.

AwesomeRevolution98

That is true, algorithms and AI related trading has been driving price action hard, and then combine that with the gamma squeeze issue which can drive up a price more then it should be and then momentum based algos then get caught up and buy as well and you have a more parabolic move then expected. That being said I would say at the end of the day the institutions were fine with the valuations as if they recognized their trading systems going haywire then they would probably re calibrate them, cause when it had the huge 2019 rally Tesla was able to meet certain metrics that resulted in that large rally in the first place. So its not just trading systems, but the human eye being fine with such price action , and now we see the opposite, Tesla lagging behind its peers. So the same price action is their but wall street is just not impressed, and neither is retail ( besides those Tesla you tubers that keep shillings good news ). I do think that the markets share some cyclical relations just like in nature, the cycle of life from birth to start . I agree, we might see a large drop on Tesla like sub 100 due to a coming bad earnings call, and compound that with a short term semiconductor melt down. AMD is already down 30%, and then ASML which manufactures key tools for the advanced ai semiconductor chips missed their revenue expectations, so a larger pull back on the nasdaq is likely. Given how much of the rally was driven by semiconductor and AI hype, we might see like a 15% pull back on the nasdaq. Tesla would likely implode if we combine another large earnings miss and then a subsequent stock market pull back. Kepe in mind it went down nearly 45% while the indexes all rallied to new highs. So if its that weak in a bull market, imagine how bad it will get when the general markets fall.

ConferenceThink4801

What do you guys think ASML & TSM going lower means for NVDA May/August earnings? I have 9/20 800C NVDA to capture the next 2 earnings periods, less confident now.

Mission_Ring_8712

What do you guys think? Just my prediction for earnings…. TSLA puts 150p 5/3 Netflix puts 615p 4/26 Meta calls 510c 5/3 SMCI puts 990p 5/3 ( think it will go to 990 within a week and then drop by earnings and after) It will follow ASML and TSM I have no position for the moment will jump in Netflix towards close

olivefob

Rememeber when everyone was hyping up ASML and TSM since they're "shovel sellers" so can't possibly lose 

Affectionate-Idea690

Intel assembles ASML's new EUV machine at Oregon facility

Final_Historian7309

Fuck you TSM i say it one more time fuck you TSM lost in My UNH and ASML earnings profit fuck you TSM 

BarryDingle2

Depends on what kind of sales for TSM. AI chip sales increased while phone chip sales decreased . ASML saw a decrease in lithography machine sales. Not sure if their other machines saw decreases too. Overall I see the TSM report as positive for AI and ASML as negative. When does SMCI report?

Tsalmian

Should I get some more ASML, do you think it will bounce back ?

Gendrytargarian

Emotional value is a bad reason. Just sell and buy something else like ASML or an ETF

Euro347

Does anyone this SMCI will beat earnings or miss? Seems sales target are missed for TSM and ASML.

ConferenceThink4801

Seems ASML missing on earnings is dragging down TSM & NVDA

Euro347

Does anyone this SMCI will beat earnings? Seems semi's are selling off after reporting. ASML and TSM had lower than expected sales.

zg44

ARM down $20 in 2 days after ASML and TSM earnings...

realTIAN

Fuck this bitch ass Semi companies. ASML, TSM and that green bitch NVIDIA can go suck a dick.

ConferenceThink4801

I think ASML missing probably impacted TSM If it doesn't do something by 5/3 I'll lose back the money I made on Micron earnings, oh well.

wilhelm96

‘TSMC cut its forecast for overall market growth this year to 10%, down from "more than 10%" three months ago.’ And right after ASML reduced bookings. Could be another short all semis at open day

Infamous-Print-5

ASML earnings wer yesterday

BlueTrin2020

He did an ASML

Weak-Anywhere6560

But instead of a casino, here you can use extensive knowledge to relatively accurately predict some things based on numbers and company style. For example ASML being down at 850 right now.  Not only hundreds of billions are being sunk in the semiconductor industry, they also have a very stable maintenance contracts and experts agree  their factory needs to grow by 2x to keep up with all kind of demands. Thus it is very reasonable to assume stock will rebound soon.

wilhelm96

Knee jerk profit taking among fear and volatility in a semi space with supposed China chip independence, high sensitivity to rates, and a big risk off day after ASML’s disappointing earnings

NoDiscussion9873

Haha - that's funny, but not this is more complicated than even a Japanese toilet. The foundry businesses are related and correlate with ASML/semi machine manufactures due to aftermarket services and upgrade cycles. When chip markets are hot then they invest in capacity, maintenance and upgrades. This benefits ASML obviously. When chip markets are slow they reduce capacity and delay upgrades, new plants ect. That hurts ASML. So clearly if we see TSM and other foundries doing well its a sign they ars going to buy more machines and services from ASML, ASM, BESI, LAM ect..

DasherMN

ASML and TSM are definitely related.

carloselcoco

Because ASML and TSM Earnings are unrelated. Why do people keep on trying to tie them up? If you sell more 3D renderings this quarter than the one before, Dell is not suddenly going to go up too because you already own a computer. In the same way TSM already owns the machine to make three chips they sell, why would you expect ASML to go up when they made the sale easily over a year ago?

Marketgoingup

How much you wanna bet the AMD doesn’t get back that -10$ today even though AMD is more related to TSM than ASML

Marketgoingup

TSM NVDA SMCI ARM LRCX ASML INTC all up 5-10% tomorrow. AMD -.07%

Fikkafikation

I have a feeling peeps holding NVDA will be watching TSM much closer than anyone else. After ASML this might be the last straw... any predictions for post ER market open price ?

Bulky_Negotiation850

Semi's topped today Peeps.. ASML showed us that.

carloselcoco

You are partially understanding what meant. You are in the right track. What I am ultimately saying is that yes, the YoY revenue decline they saw was likely due to them having a really big order last year, likely from TSM. Their revenue is completely fine and they are still growing and their future growth is also secured too. You know how investors are, they just want to see infinite growth at infinite speed. If the growth slows down, the stock goes down. It does not mean at all that the company is making less money. They are just not making the insane numbers that investors wanted it to. As you said, ASML will be fine. Hope this clarified it.

StonkHodlr7

I wrote earlier that I didn’t read the full article, I agree with what you wrote, what you’re ultimately saying is ASML revenue is decreasing due to TSM purchasing less machines over the years? So if this continues ASML needs to find alternative revenue if TSM is not purchasing more neither is intel or Samsung. Also china is an accounted for 46% of ASML sales in quarter three and they just announced they’re restricting American Chips in their computers so ASML should be fine in revenue for now if china decides to do their own thing?

Bulky_Negotiation850

If it pulls an ASML... semi are royally fuk.

thezenunderground

Sideways or down till earnings. Esp with ASML missing

Euro347

ASML reported a drop in sales. Others are likely to follow in the coming quarters. We'll see what TSM reports.

b17ch35

Will it follow ASML?

Extreme_AppleChamp

So, I used to work in semiconductor company. ASML makes very specific type of machines than others like AMAT. They even said in their conference call that the miss was mainly because of order delays from Samsung and TSMC. TSMC makes chips for Nvidia & several other companies using ASML, AMAT and other machines. If you remember, last month Jensen Huang specially went to TSMC in Taiwan to meet their CEO to help increase capacity and speed up delivery of Nvidia chips. That means there is no slowdown in NVDA demand. IMO, Nvidia will again blowout earnings and raise the expectations. Also, if you remember SMCI raised more than $1.6B recently by selling shares so they can buy more chips from Nvidia to build more servers. Let’s see how TSMC earnings come tonight. If they also miss earnings like ASML then tomorrow will be another bad day for all chip stocks, just like today.

thezenunderground

That was weeks ago. ASML reported bad guidance and the entire semi sector took a dump. ARM is incredibly expensive compared to its earnings..the more expensive, the more it sells off, typically

memeteam1993

Bro if you don't think ASML is a bellweather for the semiconductor industry I don't know what to tell you

seekingliquidity

I think you got your ASML and UAL positions backwards.

Frosty-Pea-4577

Q2 expectations prob matters cause thats the part that fuked up ASML earnings

Comprehensive_Bad227

ASML orders were down from their customers - TSM and INTC are big ones.

carloselcoco

The thing is that I think you did not even bother to look at what ASML reported. They did beat earnings. They beat expectations by quite a large margin too. Reported earnings of $3.38 per share on revenue of $5.74 billion for the first quarter ended March 2024. The consensus earnings estimate was $2.84 per share on revenue of $5.73 billion. Why did they go down then and are considered to have missed expectations? Because they lowered their forward guidance. The company said it expects second quarter revenue of $6.07 billion to $6.60 billion. The current consensus revenue estimate is $6.93 billion for the quarter ending June 30, 2024. Additionally, their year over year revenue fell by 20%. With that last bit of information, if we apply the logic you are using, which one of their clients could be to blame for their year over year revenue fall? The most likely culprit is TSM purchasing the machines one year ago

GenericUser4104

Fuck ASML all my homies hate ASML

cow_grass

Just realized nvda and other chip stogs dropped because of ASML

itsme123_

I lost 5k on TSM bro, then it fucked me more this morning along with shitty earnings from ASML 

Firesnowing

Yah I'm out. I'm wrong every single time. ASML broke me. I'm done.

RijnBrugge

If anyone wants chips ASML will make the machines no matter where the fabs are located. What is your point?

itsme123_

https://preview.redd.it/lq8ibc1zs3vc1.jpeg?width=870&format=pjpg&auto=webp&s=d97c3e9917930667910fa777cfd2e027ca75c84f Fuck you bers, fuck you ASML, fuck you TSM. 40% wiped out in one hour 

itsme123_

https://preview.redd.it/bzpv3nutr3vc1.jpeg?width=870&format=pjpg&auto=webp&s=7b9581453015a4b08c1fe57c6cd48b505c096b01 Fuck you bers, fuck you ASML, fuck you TSM, 40% blown out in one hour today 

Comprehensive_Bad227

ASML earnings just exposed the tech bubble. It’s all downhill for awhile I’m afraid.

DesperateRuler

ASML took down everything

mrtomd

Ask about ARM... My theory is that ASML didn't deliver, which means that the forecast for machine orders is disappointing, which means that less chips will be needed in the short term. All semiconductor sector drilled today.

Nameless739

Already got fucked it ASML calls, can't wait for NFLX to give me a double fisting

PlutosGrasp

Powell said no rate cuts probably. ASML didn’t do great.

carloselcoco

Exactly. We agree on that. The thing is that TSM already has those machines. They do not need new ones to produce their products. Even if they bought new ones in the last quarter, it would take them a while to install and get them operational. This therefore rends the earnings ASML reports completely correct independent from TSM's earnings. There is absolutely no correlation, at least in the short term.

foxasintheanimal

Man, should have made sister bets on ASML.

TheMemeChurch

ikr shouldn't their competitors be more appealing if ASML is faltering? wtf

Democrazy_

I don't think this is a ASML problem

ConcentrateOdd8190

NVDA throwing a fit because of ASML is the funniest shit ever

BarryDingle2

4% drop in total bookings YOY for ASML machines and a nearly 4% drop in NVDA? Bullshit. It's running back up by next week

Running_OutOfTime

AI AI AI AI AI AI AI AI AI AI AI ASML earnings AI AI AI AI AI AI AI AI AI AI AI

LegitimateShameHands

AMD soon dropping more on ASML earnings than ASML itself

Fikkafikation

I would feel ASML selling might pour into TSM buying. Considering ASML had a pretty bad quarter and guidance looks bad with its dependence on China for almost 50% of their orders and new export restrictions coming. TSM order book is quite robust for the foreseeable future. But just based on current market volatility MM may just head to bonds. Thats my current take.

sarazax

Mooning? We r fucked up with ASML. NVDA, MSTR etc.

Yarrakman2

Because ASML missed earnings today. AI party might be over

baeconundeggz

They hang with ASML.

ConferenceThink4801

Shouldn't be, positive news already came out before earnings... https://finance.yahoo.com/news/tsmc-first-quarter-profit-expected-005316293.html ...however ASML missing seems to have impacted everything

ErinG2021

ASML pulling down almost all the semiconductors 😣

seasick__crocodile

Gotta hope for good margin outlook, faster capacity ramp, strong Q2 sequentials. A lot of panicking due to ASML but the semicap business cycle is not aligned with semis/data center