$Taiwan Semiconductor(TSM.US)$AMD(AMD.US)$NVIDIA(NVDA.US)TSMC released its financial report today. Actually, I don't think there's much to say. It's just normal monthly data disclosure, and NVDA has also verified the supply and demand boom. I think the market should have fully anticipated this. What I'm mainly concerned about are two things: first, the gross margin, to see if it can remain stable or even increase; second, the forward-looking guidance and the logic behind it, which is a great window to observe how the key players in the AI wave currently assess the market.

As a former StockPro of AMD, I particularly want to mention them. I'm optimistic that they will outperform in the next 1-2 quarters of sweet time, for three reasons:

1. Intel's counter-narrative under its new leadership is unlikely to materialize in the short term. The reality is that the mess is still quite complicated.

2. NVDA, both in terms of market cap and industry boom, has already paved the way for AMD. Based on these two points, I think a return to $200 is no problem.

3. The demand for inference, driven by this year's agentic wave, has roughly expanded tenfold, and this is just the beginning. In the long run, like Google's own TPU, AMD will capture a larger market share than it currently holds.

My overall view on the aforementioned basket of stocks (excluding Intel) is clear: adults don't make choices—I want them all.