seekingalpha
Author page description
July 27
- Fidelity Magellan Fund Q2 2025 Commentary1. The U.S. government plans to award TSMC $6.6 billion in subsidies to support the construction of advanced semiconductor plants in Arizona; 2. The move aims to reduce reliance on Asian chip manufacturing and strengthen U.S. competitiveness in semiconductor production; 3. The funding is part of the CHIPS Act, which seeks to revitalize domestic chip manufacturing and address supply chain vulnerabilities.
- EPU: Peru Isn't One Of My Top LatAm Picks Right Now1. TSMC announces its new A16 chip manufacturing technology, set for release in 2026; 2. The technology will utilize ASML's advanced High-NA EUV lithography machines; 3. This innovation aims to enhance semiconductor performance and efficiency for next-generation applications.
- KeyCorp: NII Set To Contract, Fairly Valued1. ASML introduces the Twinscan NXE:3800E, a high-productivity EUV lithography machine achieving 195 wafers per hour; 2. The machine enhances chip production efficiency for advanced semiconductor nodes like 2nm and 1.4nm; 3. ASML plans further innovations to meet growing global demand for cutting-edge chips.
- S&P 500 Snapshot: A Week Of Record Highs1. TSMC announces its A16 chip manufacturing technology, set for 2026, leveraging ASML's High-NA EUV machines for enhanced performance and efficiency; 2. The technology integrates 'Super Power Rail' to optimize power delivery and reduce chip size; 3. TSMC's innovation aims to counter Intel's 14A technology, intensifying competition in advanced semiconductor manufacturing.
- Buy, Hold, Or Avoid Realty Income? I Walk You Through All Three Cases1. TSMC unveiled its breakthrough System on Integrated Chips (SoIC) 3D stacking packaging technology; 2. The technology enables higher performance and energy efficiency for AI and high-performance computing (HPC) applications; 3. It addresses chip integration challenges and strengthens TSMC's leadership in advanced semiconductor manufacturing.
- Super Micro Computer Remains Fairly Priced Despite The Decline1. The US government plans to award Samsung $6.6 billion to expand semiconductor production in Taylor, Texas; 2. The funding will support the construction of two chipmaking facilities and a research center; 3. The move aims to strengthen domestic semiconductor supply chains and counter China's growing influence in the industry.
July 26
- What Moved Markets This Week1. Scientists developed a novel 2D material to replace silicon in next-gen electronics; 2. The material demonstrates higher efficiency, faster speeds, and lower energy consumption; 3. Challenges remain in large-scale production and integration with existing manufacturing processes.
- Alphabet: Still Undervalued, Caution Warranted1. Alphabet's core Google business shows strong double-digit growth in search, YouTube ads, and subscriptions; 2. Google Cloud revenue surges 32% YoY with margin improvements, but heavy AI/cloud investments drive capital expenditures; 3. Despite low free cash flow yields and competitive risks, Alphabet remains undervalued due to growth potential and shareholder return commitments.
- Crocs: Game On! - Tariff Headwinds To Fade1. Samsung's semiconductor business faces profitability challenges due to rising material costs and reduced demand for consumer electronics; 2. Intensified competition from TSMC in advanced chip manufacturing threatens Samsung's market share; 3. The company plans countermeasures including R&D acceleration, process optimization, and diversification into AI/automotive chips.
- Zscaler: Growth Deceleration Speaks Volumes (Rating Downgrade)1. Intel's foundry division reported a $7 billion operating loss in 2023, with revenue dropping 31% year-over-year; 2. The losses stem from transition costs in chip manufacturing processes and competitive pressures in external foundry markets; 3. Intel plans to improve profitability through advanced node development and attracting third-party clients, while facing challenges from TSMC and Samsung.
- SentinelOne Is Ripe For A Takeover, But Still Not A Buy1. The US-China tech war has escalated, impacting global semiconductor supply chains; 2. China is accelerating efforts to achieve self-reliance in chip manufacturing amid export restrictions; 3. Global semiconductor markets face disruptions, leading to production delays and cost increases.
- Treasury Market Sees No Rate Cut By Sept., 30-Year Treasury Yield Near 5%: The Yield Curve And 'Real' Mortgage Rates1. The 6-month Treasury yield remains closely aligned with the Effective Federal Funds Rate (EFFR), signaling no Fed rate cuts expected by September. 2. The 30-year Treasury yield fluctuated between 4.90% and 4.96% throughout the week. 3. Inflation-adjusted 'real' mortgage rates have returned to pre-quantitative easing (QE) norms since late 2023.
- DIVI: The Rare International ETF That Gets It Right1. TSMC solidifies its leadership in the global foundry market with its advanced 3nm process technology, offering 15-20% performance improvements and 30% power efficiency gains; 2. The technology is driving innovation in AI, HPC, and mobile devices, with major clients like Apple and NVIDIA adopting the node; 3. Intensifying competition emerges as Samsung and Intel accelerate their 2nm/18A process development to challenge TSMC's dominance.
- Alphabet's AI Fightback: A Long-Term Bet At A Discount1. Alphabet remains undervalued with a forward P/E of 19x and 13.8% YoY revenue growth, lagging Microsoft's valuation; 2. Google Search faces competition from ChatGPT but maintains growth, while Gemini AI is being integrated into key products to counter OpenAI; 3. Long-term growth drivers include Google Cloud (+33% YoY), Waymo, and quantum computing.
- Liquidity Drain Is Coming, And Markets May Soon Feel It1. TSMC announced its A16 chip manufacturing technology, featuring a 1.2nm process and backside power delivery, set for production in 2026; 2. The technology promises up to 10% speed improvement and 20% power efficiency gains, surpassing Intel's 1.8nm process; 3. The move intensifies competition in advanced semiconductor manufacturing, with TSMC aiming to maintain leadership in AI and high-performance computing markets.
July 25
- Merck KGaA: The Undervaluation Is Now Close To 13-Year Lows1. TSMC's Q2 revenue exceeded expectations driven by strong AI-related chip demand and advanced packaging technology; 2. The company highlighted AI processors as a primary growth driver, offsetting weaker smartphone and traditional server markets; 3. TSMC plans to expand advanced packaging capacity to address supply shortages, maintaining its leadership in semiconductor manufacturing.
- AMD: The King Of Inference1. TSMC introduced its cutting-edge SoIC (System on Integrated Chips) packaging technology to address growing AI chip demands; 2. The technology enables higher interconnect density and thermal performance for next-gen AI processors; 3. TSMC aims to strengthen its leadership in advanced semiconductor manufacturing through this innovation.
- W. P. Carey Q2 Earnings Preview: Consolidation Likely To Continue (Technical Analysis)1. The article reiterates a 'hold' rating for W. P. Carey (WPC) ahead of its Q2 earnings, citing moderate AFFO growth and technical indicators suggesting continued price consolidation; 2. Active investments and capital recycling are noted as positive factors, but high leverage and balance sheet risks may constrain future investment flexibility; 3. Valuation metrics remain unattractive, reinforcing expectations of limited near-term upside.
- W.P. Carey Is Fairly Valued Among Net Lease Peers1. TSMC's Q2 2023 earnings exceeded expectations with a 32% YoY revenue increase to $15.68 billion; 2. Strong demand for AI chips, particularly from data centers and high-performance computing, drove growth; 3. The company announced aggressive global expansion plans, including new fabs in the US, Japan, and Germany to meet rising demand.
- Crescent Energy Is Assembling Operations1. TSMC reported Q2 2024 revenue of $20.7 billion, a 32% YoY increase, with gross margin rising to 56.6%; 2. Growth driven by strong demand for AI-related chips, particularly 3nm process technology; 3. The company forecasts continued AI-driven growth in 2024, projecting AI-related revenue to grow over 50% annually for the next five years.
- Arthur J. Gallagher: A High-Quality Stock That's Worth The Premium1. The semiconductor industry is grappling with severe disruptions in global supply chains, affecting production and delivery timelines; 2. Governments worldwide are implementing policies to strengthen domestic semiconductor manufacturing capabilities amid geopolitical tensions; 3. Companies are adopting strategies like diversification of suppliers and increased R&D investments to mitigate risks and maintain competitiveness.
- Newmont Corporation 2025 Q2 - Results - Earnings Call Presentation1. The semiconductor industry is grappling with severe supply chain disruptions due to increased demand and production bottlenecks; 2. The global chip shortage has impacted industries like automotive, consumer electronics, and healthcare; 3. Experts suggest diversifying supply chains and boosting manufacturing investments to mitigate future risks.
- Politics And The Markets 07/25/251. The US Commerce Department plans to award $6.4 billion to Samsung for semiconductor manufacturing expansion in Texas; 2. The funding supports construction of four facilities including two logic fabs and a research center; 3. This investment is part of the CHIPS Act to strengthen domestic chip production and reduce reliance on Asian supply chains.
July 24
- The Growing Divergence Between The Market And Economy1. TSMC's 3nm process technology is in high demand, with Apple, Qualcomm, and MediaTek competing for production capacity; 2. The surge in orders reflects the industry's push for advanced semiconductor nodes to meet AI and high-performance computing needs; 3. TSMC plans to expand 3nm production to address supply constraints and maintain its leadership in cutting-edge chip manufacturing.
- Coca-Cola Vs. Budweiser: Which Stock Is Worth The Cheers?1. TSMC maintains leadership in 3nm semiconductor process technology but faces growing competitive pressure; 2. Samsung and Intel are accelerating breakthroughs in advanced chip manufacturing processes; 3. Intensified industry competition drives technological innovation and impacts global supply chain dynamics.
- AWS Creates A Larger Market For Amazon1. The semiconductor industry is grappling with severe disruptions due to the global supply chain crisis, causing shortages and production delays across multiple sectors; 2. Geopolitical tensions and surging demand for electronics have exacerbated the challenges, impacting manufacturers and consumers; 3. Companies are adopting strategies like diversifying suppliers and investing in localized production to mitigate future risks.
- TSMC: Valuation Lags Behind The Fundamental Rally1. TSMC reported strong Q2 FY2025 results, exceeding expectations and raising its full-year revenue outlook due to robust AI demand and economic resilience; 2. Management noted no significant changes in customer behavior or signs of demand being pulled forward from H2 2025 despite tariff concerns; 3. Margins are projected to decline sharply in Q3 FY2025, with cautious capital expenditure plans reflecting policy and tariff uncertainties beyond 2025.
- Home Depot: A Contrarian Call To Buy Despite A Challenging Macro-Environment1. Home Depot remains a strong contender in the home improvement sector despite recent stock underperformance; 2. Current market pessimism creates a potential entry point for long-term investors; 3. The company's diversified customer base mitigates risks from interest rate sensitivity and macroeconomic pressures.
- Nebius Group: Europe's Great AI Hope1. The semiconductor industry is grappling with severe supply chain disruptions caused by global chip shortages; 2. Key challenges include production delays, logistics bottlenecks, and raw material scarcity exacerbated by pandemic impacts and geopolitical tensions; 3. Industry responses involve capacity expansion investments, government subsidies, and supply chain diversification strategies.
- Nebius Group: Ultra Bullish Into Q2 Earnings1. The author remains ultra bullish on Nebius Group (NBIS) due to TSMC's strong Q2 revenue growth, signaling robust demand for Nvidia GPUs, which Nebius relies on; 2. Key focus areas for NBIS' Q2 earnings include ARR guidance, data center expansion plans (New Jersey, Finland, Israel), and Capex updates; 3. While tariffs on semiconductors pose a risk, the author downplays immediate concerns but anticipates volatility around August 1. NBIS constitutes 12% of the author's portfolio.