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NVDA - TSMC's Q2 Earnings: Solid Result AI Investing Sentiment Cools
NVIDIA Corporation
2024-07-22 04:02:01 ET
Summary
TSMC's Q2 earnings suggests an uptick from 2023 levels with a possible attainment of 2022 revenue highs, if not more.
However, AI investment sentiment has been cooling among analysts. At present, commitment levels of $1 trillion, the question remains as to what benefits are feasible.
Relative to its clients Nvidia and AMD, TSMC's position as a manufacturer makes it a suitable "risk-off" alternative to other risky overhyped AI stocks.