Traded Value* TSMC's strong results reaffirm that AI demand remains resilient despite the market's negative reaction
* Chip selloff looks more like broad profit-taking after a strong rally than a deterioration in fundamentals
* Key support levels will determine whether this is a healthy pullback or a deeper correction.
* Focus on volume and price action rather than reacting to headlines alone
* Staying on the sidelines until buying momentum returns and the trend is confirmed remains the prudent approach
* The long term AI trend remains intact unless major support levels are decisively broken
* Keeping Nvidia, TSMC, SK Hynix and Broadcom on my watchlist for potential buying opportunities when the technical setup improves
☕️ [Task Coins Giveaway] Daily Market Talk — TSMC Beats, But Chips Bleed
TSMC crushed its quarter and raised its outlook, yet the whole chip complex got dumped anyway, because it also jacked up how much it plans to spend. Memory took the worst of it (SK Hynix -13%, SanDisk...
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