STI's winning streak is over (for now) as our local market reacts to overall broad selling of chips and other overvalued momentum stocks. Bank stocks are still on the high side following the run up over the past weeks. Meanwhile, Netflix's earnings call showed us that having solid result is never enough, Wall Street wants exceptional guidance.
☕️ [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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