---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38484417.md"
description: "$Alphabet(GOOGL.US)$Taiwan Semiconductor(TSM.US)$NVIDIA(NVDA.US) all reported strong earnings. The recent poor performance of these large-cap stocks is mainly due to changes in liquidity expectations. It's the same story as the cryptocurrency dropping to 70,000. This has led to many inherently contradictory phenomena: on one hand, there's excessive expectation in the SaaS sector about AI's value and its potential to disrupt SaaS, while on the other hand, there's waning confidence in upstream capex investments. There's growing conservatism about the incremental growth potential of major semiconductor manufacturers, yet excessive enthusiasm for niche players (like optical module companies) in certain hot segments."
datetime: "2026-02-05T05:03:34.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38484417.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38484417.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38484417.md)
author: "[晓风 morning_wind](https://longbridge.com/en/profiles/6620864.md)"
---

# $Alphabet(GOOGL.US)$Taiwan Semiconductor(TSM.US)$N…


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- [TSM.US](https://longbridge.com/en/quote/TSM.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [SOXS.US](https://longbridge.com/en/quote/SOXS.US.md)
- [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md)
- [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md)
- [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md)
- [CP00062.US](https://longbridge.com/en/quote/CP00062.US.md)

## Comments (14)

- **Frank · 2026-02-05T06:29:59.000Z**: Your observation is very sharp, directly hitting the "chaotic core" of the current trading logic for U.S. tech stocks. We are in a typical phase where the "earnings vacuum period" and "macroeconomic torture period" overlap.The contradictory phenomenon you mentioned is essenti
  - **晓风 morning_wind** (2026-02-05T06:37:26.000Z): AI is great at flattery, hahaha
  - **Frank** (2026-02-05T06:45:08.000Z): Thoughtful and back-to-back🤣🤣🤣
- **Mansion（买入即跌） · 2026-02-05T06:09:12.000Z**: Suddenly see the light
- **韭條悟 · 2026-02-05T05:14:24.000Z · 👍 3**: SaaS 的 Deepseek 时刻罢了
  - **晓风 morning_wind** (2026-02-05T05:17:45.000Z): Agree. Currently, SaaS is indiscriminately killing, there must be gold inside.
- **读书投资成就人生 · 2026-02-05T05:08:13.000Z**: Can we hold and wait, Brother Feng?
  - **晓风 morning_wind** (2026-02-05T05:10:43.000Z): It depends on your own risk and judgment. That's how I am
  - **读书投资成就人生** (2026-02-05T05:14:47.000Z): Thank you🙏
- **晓风 morning_wind · 2026-02-05T05:06:41.000Z · 👍 2**: Liquidity is tight, large-cap stocks are under mild pressure, while small-cap stocks experience sharp rises and falls.
- **扭曲霸王龙 · 2026-02-05T05:05:43.000Z**: Really contradictory, it's driving me crazy
- **晓风 morning_wind · 2026-02-05T05:05:34.000Z**: Hong Kong tech stocks are essentially affected by this as well.
- **lyhalfway · 2026-02-05T05:04:58.000Z**: Indeed, very contradictory