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☆ Investors may be too bullish on chip stocks. This options strategy can hedge against a pullback
▼ + stars: | 2024-10-18 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

That bullish consensus makes this former CBOT pit trader take pause, and I believe now is the time to hedge some semiconductor exposure. I want to use put options in the VanEck Semiconductor ETF (SMH) to mitigate downside risk. That came in the wake of better-than-expected results from contract chipmaker Taiwan Semiconductor , which counts NVDA as one of its biggest customers. Lastly, I want to consider the technicals setup, as when emotion gets injected into the marketplace, technical typically take over. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jensen Huang, ASML, SMH, Kilburg Organizations: VanEck Semiconductor, Nvidia, Taiwan Semiconductor, CNBC, NBC UNIVERSAL Locations: Chicago

☆ Stock market today: Indexes gain after strong retail sales data
▼ + stars: | 2024-10-17 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Stocks rose Thursday as investors digested strong retail sales data and more earnings. Retail sales data showed US consumer spending remains robust, with monthly spending up 0.4%. AdvertisementUS stocks climbed on Thursday as traders saw better-than-expected retail sales data and continued to digest strong corporate earnings reports. September's retail sales report showed consumer spending remains strong, with monthly spending up 0.4% from August, just above a Dow Jones consensus estimate of 0.3%. And almost every AI innovator is working with TSMC," TSMC chairman and CEO C.C.

Persons: Stocks, ASML, —, C.C, Wei, TSMC, Morgan Stanley, JB Hunt Organizations: Service, Dow Jones, Commerce Department, Federal Reserve, Labor Department, chipmaker Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, chipmakers, United Airlines, Netflix, Caixin Global, JB Locations: Wednesday's, Here's, China

Several stocks due to report earnings this week could see large moves in the wake of those numbers. This week will see a larger group of corporate earnings, including streaming giant Netflix and chipmaker Taiwan Semiconductor . NFLX YTD mountain Netflix stock. Analysts polled by LSEG expect Netflix to report earnings per share growth of about 40%. The firm is set to report results for the fiscal third-quarter ended June 30 this coming Thursday.

Persons: Horton, D.R Organizations: Citigroup, JPMorgan Chase, Delta Air Lines, PepsiCo, Netflix, chipmaker Taiwan Semiconductor, CNBC, LSEG, Taiwan Semiconductor, Bank of America, United Airlines

A gas stock and an e-commerce giant were among the stocks being talked about by analysts on Wednesday. The introduction of 2nm, a new generation of chips that are faster and consume less power than previous chips, should lead demand higher for the global semicap industry, analyst Simon Coles wrote in a note. The analyst said Amazon will continue to see growth ahead, however, as it views the e-commerce giant as a strong AI beneficiary. He added that Amazon should see continued OI expansion as Amazon Web Services accelerates and has a multi-billion-dollar AI revenue run-rate. — Pia Singh 5:46 a.m.: JPMorgan upgrades Sunoco Sunoco's recent acquisition will drive a rebound in the stock, according to JPMorgan.

Persons: Bernstein, Simon Coles, TSMC, Coles, — Pia Singh, Adrian Yanoshik, Yanoshik, Stellantis, Fadi, ODFL, Fadi Chamoun, Chamoun, Mark Shmulik, Shmulik, Sunoco, Jeremy Tonet, Tonet, Fred Imbert Organizations: CNBC, Wednesday, JPMorgan, Barclays, Taiwan Semiconductor, BMO Capital Markets, Old Dominion, Dominion Freight, Amazon, Amazon Web Services, NuStar Energy, SUN, NS Locations: U.S, Netherlands

☆ Morgan Stanley picks global stocks to ride the Nvidia boom — and gives 4 more than 50% upside
▼ + stars: | 2024-05-29 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Investor darling Nvidia is dominating headlines once again after its earnings last week surpassed expectations on the back of the artificial intelligence boom. Morgan Stanley notes that the reaction to Nvidia's first quarter results is "very telling on how much buying power still exists in the market." Here are seven of Morgan Stanley's overweight-rated stocks to play these AI themes: Overweight-rated stocks Among Morgan Stanley's list of AI stock opportunities are South Korean tech giant SK Hynix and Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company . SK Hynix stocks are held in the iShares MSCI South Korea ETF (8.4% weight) and Franklin FTSE South Korea ETF (8.3% weight). Shares in TSMC are included in the iShares MSCI Taiwan ETF (25.1% weight) and Franklin FTSE Taiwan ETF (22.2% weight) Beyond the headline-makers, Morgan Stanley also sees potential in Japanese manufacturer Advantest Corp .

Persons: Morgan Stanley, Nvidia's, Hopper, Morgan Stanley's, Morgan, Goldman Sachs, — CNBC's Michael Bloom Organizations: Nvidia, SK Hynix, Taiwan Semiconductor Manufacturing Company, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, Advantest Corp, Japan Equity, JPMorgan BetaBuilders Japan, Alchip Technologies, Technology, Memory Technology, Micronics Locations: Asia, Korean, Korea, Franklin FTSE South, Taiwan, Franklin FTSE Taiwan

☆ AMD rolls out its latest chips for AI PCs as competition with Nvidia and Intel heats up
▼ + stars: | 2024-04-16 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

AI PCs are personal computers equipped with processors designed to perform AI tasks, such as real-time language translation and summarization. Referring to them as the most powerful chips yet for business PCs, AMD said the Ryzen Pro 8040 series processors for laptops and the Ryzen Pro 8000 series processors for desktops are built with the advanced 4-nanometer technology. These new AMD chips will compete against Nvidia's and Intel's chips that are specifically designed for AI PCs. Instead, it outsources the manufacturing of its chips to semiconductor foundries, mainly to the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company . AMD and Intel have talked up AI PCs as a new era for the industry.

Persons: Omar Marques Organizations: Getty Images, Nvidia, Intel, AMD, HP, Lenovo, Taiwan Semiconductor Manufacturing Company, TSMC Locations: POLAND

HONG KONG (AP) — Shares rose in most Asian markets Monday after Wall Street returned to record heights Friday, while Hong Kong’s benchmark dropped more than 2%, hovering near a 15-month low. Tokyo’s Nikkei 225 index gained 1.2% to 36,376.50. Wall Street's run-up was driven in part by hopes for rate cuts as U.S. inflation remained tame. Treasury yields have already relaxed significantly on expectations for rate cuts, and that helped the stock market’s rally accelerate sharply in November. The Fed itself has hinted that rate cuts are coming, though some officials have indicated they may begin later than the market is hoping for.

Persons: Australia’s, that’s, Brent Organizations: Wall, Hong, Nikkei, Bank of Japan, People’s Bank of China, Dow Jones, Nasdaq, Taiwan Semiconductor Manufacturing Co, Broadcom, Texas Instruments, U.S Locations: HONG KONG, U.S, Hong Kong, Shanghai, South Korea, Bangkok, Taiwan

☆ TSMC beats profit and revenue expectations in the fourth quarter
▼ + stars: | 2024-01-18 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions. That compares with TSMC's guidance for fourth-quarter revenue between $18.8 billion and $19.6 billion. "In the fourth quarter, revenue increased 14.4% sequentially [from the third quarter], supported by the continued strong ramp of our industry-leading 3-nanometer technology," said TSMC in its fourth-quarter earnings report. But analysts say chip inventories at smartphone and PC makers are running down and expect restocking demand to pick up. In its third-quarter earnings report in October, TSMC said that its business was supported by the industry-leading 3-nanometer technology and higher demand for 5-nanometer technologies, partially offset by customers' ongoing inventory adjustment.

Persons: TSMC, Brady Wang Organizations: Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Samsung Electronics, SK Hynix, Counterpoint Research Locations: Taiwan

☆ Teradyne beats results estimates as AI boom supports chip demand
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Chip-testing machines maker Teradyne (TER.O) on Wednesday surpassed estimates for sales and profit in the second quarter, helped by growing demand for semiconductors that power artificial intelligence (AI) technology. Higher shipments in Teradyne's core semiconductor-test segment more than offset weaker robotics demand, said Teradyne CEO Greg Smith. For the current quarter, strong demand is seen from data center and automotive end-markets while order rates in robotics may decline, the company said. The boom in demand for AI capabilities have benefited companies in the chip supply chain, softening the impact from a post-pandemic downturn in sales of personal computers and smartphones. The company earned 79 cents per share on an adjusted basis, higher than estimates of 66 cents.

Persons: Greg Smith, Zaheer Kachwala, Yuvraj Malik, Devika Organizations: chipmaker Taiwan Semiconductor Manufacturing, Qualcomm, Samsung, Revenue, Thomson Locations: bengaluru

☆ TSMC founder: Globalisation in technology takes backseat to national priorities
▼ + stars: | 2023-07-04 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

TAIPEI, July 4 (Reuters) - Globalisation is taking a backseat to priorities such as national security and technological leadership, with U.S.-China relations consisting more of competition than cooperation, the retired founder of Taiwanese chipmaker TSMC said on Tuesday. He has previously declared that globalisation in the chip sector dead. TSMC, Asia's most valuable listed company, is referred to in Taiwan as the "sacred mountain protecting the country" because of its economic importance. While TSMC has said its most advanced manufacturing will remain on the island, the company has ramped up expansion abroad in recent years. Beijing views democratically governed Taiwan as its own territory, a claim the government in Taipei strongly rejects.

Persons: chipmaker TSMC, Morris Chang, Chang, TSMC, Sarah Wu, Tom Hogue Organizations: U.S, Taiwan Semiconductor Manufacturing Co, Apple, Taiwan, Thomson Locations: TAIPEI, China, Taipei, Beijing, United States, Taiwan

☆ Warren Buffett – he invests just like us!
▼ + stars: | 2023-06-07 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +7 min

NEW YORK, June 7 (Reuters Breakingviews) - “Do as I say, not as I do” sounds like the kind of pithy thing Warren Buffett might say to his adoring throngs. The conglomerate was an investor for a dozen years, until Buffett got spooked by Freddie Mac’s overly rosy earnings growth projections. The $1.3 billion stake it finished accumulating in 1994 was worth $25 billion last month. A $13 billion stake in IBM (IBM.N) came and went, as did $8 billion of JPMorgan (JPM.N) and almost $3 billion of biopharmaceutical company AbbVie (ABBV.N). Warren Buffett, Berkshire’s chairman and CEO, said that geopolitical tensions contributed to the decision to sell most of the $4.1 billion TSMC stake just a few months after buying it, the Nikkei reported on April 11.

Persons: Warren Buffett, can’t, There’s, Buffett, Freddie Mac, Freddie Mac’s, Coke, Benjamin Moore, TSMC, ”, Wells, ” Buffett, Berkshire Hathaway, John Foley, Sharon Lam Organizations: YORK, Reuters, Berkshire Hathaway, Home Loan Mortgage, U.S ., Berkshire, BNSF, Taiwan Semiconductor Manufacturing, Buffett, ” Morningstar, Treasury, New York Stock Exchange, American Express, IBM, JPMorgan, Activision, Occidental Petroleum, Paramount Global, Oracle, Reuters Graphics Reuters, Nikkei, Thomson Locations: Berkshire, U.S, TSMC . Berkshire, Japan, Taiwan, Omaha, China

☆ Here are big Wall Street investors' favorite A.I. bets, other than Nvidia
▼ + stars: | 2023-05-25 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

But it's not just Nvidia the smart money is betting on to power AI growth. Dan Loeb's Third Point also purchased Alphabet in the first quarter, making it the fund's fifth-biggest holding. Shares of Alphabet have rallied almost 40% this year as investors grew optimistic about the company's AI capabilities. AI software Druckenmiller revealed recently his Microsoft stake was also a bet on AI. Another AI software maker, Palantir, lately attracted buying from Ark Invest's Cathie Wood.

Persons: it's, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's, Philippe Laffont’s Coatue, Stephen Mandel’s, Druckenmiller, David Tepper, Daniel Sundheim, Meta, Laffont’s Coatue, —, Samantha Subin Organizations: Nvidia, Wall Street's, Billionaire, Duquesne, Office, Google, Bill Ackman's Pershing, Capital Management, Taiwan Semiconductor, Tiger Global Management, Coatue Management, Devices, Stephen Mandel’s Lone Pine Capital, Microsoft, Meta Locations: Wall

☆ China tackles chip talent shortage with new courses, higher pay
▼ + stars: | 2023-03-28 | by ( Josh Horwitz | ) www.reuters.com time to read: +5 min

China faces a shortage of an estimated 200,000 industry workers this year, according to a white paper jointly published by the China Center for Information Industry Development, a government think tank, and the China Semiconductor Industry Association (CSIA), a trade group. A 2022 survey from Chinese research firm ICWise found more than 60% of students studying chip engineering in China graduate with no internship experience in the field. In Taiwan, top chipmaker Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) has established research centres at four universities. Its largest chip foundry, Semiconductor Manufacturing International Corp (SMIC) (0981.HK), in 2021 announced a jointly-established School of Integrated Circuits at Shenzhen Technology University. "If I didn't switch to chip engineering, I would probably have to find a job in a traditional manufacturing industry like cars or machinery," he said.

☆ Taiwan export orders seen contracting at faster pace in Dec
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

The median forecast from a poll of 13 economists was for export orders to fall by 25.6% from a year earlier. Taiwan's export orders, a bellwether of global technology demand, fell by a worse-than-expected 23.4% in November. The government last month predicted December's export orders would be between 27.8% and 30.8% lower than those reported a year earlier. Taiwan's export orders are a leading indicator of demand for high-tech gadgets and Asian exports, and typically lead actual exports by two to three months. Poll compiled by Veronica Khongwir and Carol Lee; Reporting by Ben Blanchard; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea plans tax breaks on domestic chip and tech investments
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Jan 3 (Reuters) - South Korea said on Tuesday it plans to offer large tax breaks to semiconductor and other technology companies investing at home to strengthen its supply-chain security while boosting the economy. Companies making capital investment at home would be given up to a 35% tax deduction which would help companies save more than 3.6 trillion won ($2.82 billion) in 2024 tax payments, the finance ministry said in a statement. This move comes after other countries, such as Taiwan, home to the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW), and the United States announced plans to bring chip production on shore and bolster the domestic industry. The South Korean finance ministry added that the tax break plans were subject to approval by the parliament, which is dominated by the opposition. ($1 = 1,276.1200 won)Reporting by Choonsik Yoo; editing by Christian Schmollinger and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ TSMC starts volume production of most advanced chips in Taiwan
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

TAINAN, Taiwan, Dec 29 (Reuters) - Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world's largest contract chipmaker's investment plans at home and abroad. TSMC has a dominant position as a maker of advanced chips used in technology from cellphones to fighter jets. Taiwan's government has dismissed concerns about a "goodbye to Taiwan" trend for the chip industry, saying the island's position as a major semiconductor producer and maker of the most advanced chips is secure. TSMC said it was working to build factories for the next generation 2-nanometre chips, which were planned to be manufactured in northern and central Taiwan.

☆ TSMC in talks with suppliers over first European plant - FT
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +2 min

Dec 23 (Reuters) - Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW) is in advanced talks with key suppliers about setting up its first potential European plant in the German city of Dresden, the Financial Times reported on Friday. The Taiwanese firm's talks with several materials and equipment suppliers are focused on whether they can also make the investments required to support the plant, the report said, adding that if it presses ahead with a Dresden plant, it would focus on 22-nanometre and 28-nanometre chip technologies. TSMC has maintained it had not yet made a decision on a plant in Europe, but that no options were being ruled out. Earlier this month, TSMC said it would more than triple its planned investment at its new Arizona plant to $40 billion, among the largest foreign investments in U.S. history. The company expects its Phoenix factories to create 13,000 high-tech jobs, including 4,500 under TSMC and the rest filled by suppliers.

☆ Buffett may have invested in TSMC too early, analyst says, predicting the best time to buy
▼ + stars: | 2022-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Legendary investor Warren Buffett may have overpaid for his latest investment in chipmaker Taiwan Semiconductor , according to one equity analyst. Buffett's Berkshire Hathaway bought more than 60 million shares of TSMC worth $4.1 billion (1.2% of TSM) in the third quarter, according to a quarterly regulatory filing . New York-listed shares in the chip stock rose 5.8% in after-hours trading to $77.08. Blank said Buffett, 92, was not as interested in buying the bottom as other investors, given Berkshire Hathaway's long-term investment horizon. The median price target of 30 analysts covering TSMC indicates a 29.8% potential upside from its share price prior to Buffett's investment, according to FactSet.

Customers try out new iPhones at an Apple store as iPhone 14 series go on sale on September 16, 2022 in Shanghai, China. Shares of Apple fell about 2.6% in premarket trading on a report that the company has told suppliers to bail on plans to increase iPhone 14 production. Apple will no longer aim to increase production by 6 million units in the second half of the year as it had planned, according to the report. The company will strive to produce 90 million units instead, which is roughly in line with Apple's forecast and production from last year, according to Bloomberg. WATCH: Apple launches iPhone 14 as customers line up to meet Tim Cook and get new tech

☆ Facing talent shortage, Taiwanese chip test firm ASE boosts automation
▼ + stars: | 2022-09-28 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

Apple Inc supplier ASE, which began investing in automated factories in 2015, told Reuters it plans to build 10 smart factories this year, reaching a total of 37 smart factories in Taiwan by the end of the year. Register now for FREE unlimited access to Reuters.com Register"To counter the talent crunch and adapt to diverse customer requirements, ASE is accelerating its adoption of smart manufacturing technologies including automation," the company said in a statement. The talent shortage in the semiconductor industry remains a top concern, executives from companies throughout the chip supply chain from design to manufacturing have told Reuters. Chip companies in Taiwan have been rapidly expanding in recent years, spurred in part by a pandemic-induced surge in demand for chips, and face fierce competition from local and foreign companies recruiting from a shrinking pool of engineers. "We hope to lead by example and inspire more industry players to contribute to building a resilient global smart manufacturing and equipment cluster," ASE Chief Executive Tien Wu said in a statement.

☆ Taiwan August export orders likely contract as demand eases: Reuters poll
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

The median forecast from a poll of 13 economists was for export orders to fall 2% from a year earlier. The island's export orders, a bellwether of global technology demand, unexpectedly fell in July. Orders shrank 1.9% to $54.26 billion from a year-ago period, taking a larger-than-expected hit from weakening demand for technology and continued economic troubles in its largest market China. Register now for FREE unlimited access to Reuters.com RegisterThe government has predicted last month's orders to be between 0.9% and 3.7% lower than those of August 2021. Taiwan's export orders are a leading indicator of demand for hi-tech gadgets and Asian exports, and typically lead actual exports by two to three months.

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