Lates News

Swissquote Bank analyst Ipek Ozkardeskaya stated that the raised capital expenditure expectations of TSMC may have triggered market concerns and led to the selling of technology stocks. She pointed out that although TSMC's second-quarter profits hit a record high, the stock price did not reflect this, indicating that the market believes chip stock valuations are already too high. Due to the risk of oversupply, investors may be increasingly uneasy about large-scale artificial intelligence development, but tech companies are still continuing to spend. Next week, major US tech companies will be releasing their earnings reports one after another, which may help improve the recent weak market sentiment. However, there are signs that companies like Alphabet are further increasing infrastructure spending, which could further drag down stock prices.