TSMC posted record profits for a sixth consecutive quarter. Beat analyst estimates again. The AI boom continues to print money for Taiwan Semiconductor Manufacturing Company while your portfolio remains a crime scene.
Sixth straight quarter of record profits. That's not a company. That's a f*cking cheat code. Meanwhile every dipsh*t with a Robinhood account spent the last eighteen months convinced they could time the semiconductor cycle by reading headlines about chip shortages and watching YouTube videos made by a guy named CryptoChad.
The estimates got beaten. They always get beaten. Analysts write down a number that TSMC will definitely exceed so everyone can pretend markets are efficient and information matters. It's professional kayfabe. The analysts know. TSMC knows. Even the janitor at TSMC headquarters knows. The only people who don't know are the ones panic-buying call options at 3:57pm on expiration Friday.
Third-quarter earnings dropped on Thursday. AI demand remains insane. Every tech company on earth needs chips that can handle the computational load of teaching a computer to write bad poetry and generate images of dogs wearing sunglasses. TSMC makes those chips. You do not own TSMC stock because you thought semiconductors were "too risky" in 2020.
Record profit number six. The streak continues. Retail traders will read this headline and immediately start Googling "Is it too late to buy TSMC?" Yes. It was too late in 2019. It will somehow still be too late in 2029 when they're posting record profit number forty-six, because you'll find a way to buy at the exact wrong moment and then sell three days before they announce record profit number forty-seven.
Photo by Cedrik Wesche on Unsplash
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