00:00TSMC reporting a 30 percent rise in monthly sales as companies rush to build AI infrastructure. Joining us now is
00:07Neil
00:07Camping. So Neil 30 percent. Certainly the market is not suggesting that it was a better than expected number. 80
00:15hours are
00:15down in the pre-market. At the same time it was better than last month. What can we tell about
00:19the earnings season let's say.
00:23Yeah morning body. I think you mentioned at the top of the hour about the volatility in the market tape
00:27yesterday and underneath the
00:29hood actually if you look at the chip sector in particular there's an 11 percent intraday swing from highs to
00:34lows at some point during the session. So investors are nervous throughout the sector given it's had a massive run
00:40and TSMC have just delivered an improvement from the April numbers. But given that the street analysts are expecting 35
00:48percent growth for all of Q2 we're going to need to see another incremental uplift in terms of that growth
00:54rate in the June monthly sales to meet analyst expectations.
00:58So good numbers but we have a high high bar to beat for the rest of the quarter for sure.
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