Earnings exceeded expectations. TSMC will boost the chip stocks !? 🚀

In the early stages of AI development, due to high market demand, chip stocks were highly sought after, resulting in a surge in the stock prices of chip giants such as $NVIDIA(NVDA.US)$ , $Advanced Micro Devices(AMD.US)$ , and $Micron Technology(MU.US)$ . 📈🔥

But recently, various chip stocks have entered a consolidation phase one after another.

Yesterday, the leader $NVIDIA(NVDA.US)$ is a day of decline of 3.87% market value evaporated 84.50 billion dollars. 📉

$Taiwan Semiconductor(TSM.US)$ better-than-expected revenue outlook announced today and its adherence to plans to spend up to $32 billion by 2024 supported expectations of continued growth in demand for artificial intelligence.

$Taiwan Semiconductor(TSM.US)$ is currently the only chip foundry for $NVIDIA(NVDA.US)$ AI chips with extremely strong demand - A100/H100. NVIDIA is the absolute leader in the global AI chip market, with a market share of up to 80% -90%. TSMC can be said to be single-handedly choking NVIDIA and AMD. 🔑