General News
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I recall someone asking if we are going to make any changes shortly. Possibly. The committee meets end of next week so no decision has been made and also, we won't make changes for change sake.
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TSM's CC Wei quote this week-he's the most conservative man in tech (he did some DD before agreeing to spend $52B this year on Capex
"I also double checked their financial status: they are very rich […] much better than TSMC."
He was referring to TSMC's major customers—the hyperscalers (e.g., companies like Microsoft, Google/Alphabet, Meta, Amazon, and others driving AI demand via Nvidia GPUs and other chips fabricated by TSMC). Wei explained that he personally spoke with them over recent months to verify that AI investments were paying off for their businesses, showing real revenue growth and strong financial returns. He "double-checked" their overall financial health to confirm they had the cash and profitability to sustain massive ongoing orders for advanced chips. -
Yep….not too bad thou..expected around 2/3% drop
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All that matters is the big names will be reporting next week-I'm expecting record earnings all round. The tech portfolio is still the best performer in town. Past performance is no indication of future returns.
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Or a U turn.
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From a MS report today
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Quick update. Both meta and msft beat nicely. Meta is plus 8% and msft is down 4%. Futures plus 250. Both results as posted earlier(solid beats). Happy with the results and regardless, the net portfolio impact is positive.
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What a turn around that was. With metals and the Fed choice causing havoc over the weekend I was bemused, which is a good way to describe the nonsense. Checking in at 0630 seeing a sea of red a lot of head scratching ensued. Steadily back it came. But strong green(everywhere). Very nice to see.
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India's deal with the US
