Diamonds and Dogs
Taiwan Semiconductor (TSM), the world's largest contract chip maker is jumping 5% as the company reported record net profits as revenue rose 42.8% to NT$625.53 billion. Taiwan did lower guidance as they expect a downturn this year, but the stock is now up around 18% since Warren Buffett's Berkshire Hathaway bought into the stock. Many investors remain on the sidelines concerned about threats from China saying the island of Taiwan should be a part of China, sparking concerns of a future war over the island.
Dell (DELL) sees a downturn. Dell is down 2% today and down over 30% in the last year as the company preannounced earnings results, stating PC shipments crashed in the fourth quarter with sales down 28%. The company warned the slump could persist into 2024.
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