Semiconductors

Taiwan Semiconductor

Today’s Key News Recap

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BIDU

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BABA

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0610 | Dolphin Research Focus: 🐬 Macro/Industry1. The National Bureau of Statistics released May data, showing CPI rose 1.2% YoY, while falling slightly by 0.1% MoM. Core CPI was up 1.1% YoY.Overall consumption is recovering moderately. The MoM weakness was mainly due to a slight rise in food prices, and seasonal declines in service and energy costs post-holiday.A 1.2% YoY growth rate remains within a moderate range, leaving room for accommodative monetary policy. This mild inflation is positive for consumption sector valuation repair and supports the continued implementation of pro-growth policies.The strength of the consumption recovery remains relatively flat, with no significant rebound yet...

BIDU ADR US

BIDU-SW

Baidu

BIDU-SWR

BABA-W

Alibaba

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Baidu HK SDR 10to1

Apple

MEITUAN

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Meituan HK SDR 5to1

Meituan

Alibaba HK SDR 5to1

Palantir Tech

ByteDance

Uniti

Meta Platforms

Sony Group Corporation

TSM AI orders underpin strong revenue growth; Global investors await tonight's CPI print | Daily News Recap

Deep Research

OpenAI

NVDA

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GOOG

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LITE

Since late 2022, when ChatGPT burst onto the scene, AI has unleashed wave after wave of semiconductor supercycle opportunities. From compute (GPUs) and storage to coordination and scheduling (CPUs), the buildout has already minted a string of $1tn market-cap companies.If there is one remaining pillar of AI infrastructure poised to produce the next $1tn champion, Dolphin Research’s top call is AI-era high-speed interconnects. If compute solves AI’s 'IQ' and storage its 'memory'...

C3.AI

NVIDIA

Broadcom

Alphabet - C

Alphabet

Zhongji Innolight

Eoptolink

Marvell Tech

Advanced Semiconductor Engineering

Amkor Tech

Coherent Corp.

Lumentum

AI Hyperconnected Era: Racing to 'Light'?

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0521 | Dolphin Research Focus: Stock 1, $Space Exploration Tech(SPCX.US). SpaceX has formally filed an S-1 with the SEC to list on Nasdaq (ticker SPCX).The implied valuation range is $1.75–2.0tn, and the deal could raise up to $75bn, potentially the largest IPO on record. Q1 2026 revenue was $4.69bn, with a net loss of $4.28bn.Its AI biz remains in the investment phase. The company will adopt a dual-class share structure, with Elon Musk holding Class B shares...

XPENG-W

XPeng

SPAC and New Issue ETF

Tesla

CHINA MOBILE

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CN Mobile HK SDR 5to1

China Mobile

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NetEase

Micron Tech

BOE VARITRONIX

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Tencent HK SDR 10to1

Tencent

Tencent Holdings Limited

SpaceX Files Prospectus; TSLA's Supervised FSD to Enter China | Daily News Recap

AMAT

Financial Analysis

SSNGY

Applied Materials (AMAT) posted its FY26 Q2 results (quarter ended Apr 2026) after hours early May 15 (Beijing time), with the following highlights: 1) Core metrics: revenue of $7.9bn (+11% YoY), beating the Street at $7.7bn, driven by AI compute infrastructure build-out that lifted demand for advanced logic, DRAM, and advanced packaging tools. $Applied Materials(AMAT.US) GPM was 49.9%, up 90bps QoQ...

Applied Materials

Samsung Electronics 

Capex Boom Ahead: Can AMAT Catch the Windfall?

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0504 | Dolphin Research Focus: 🐬 Stock 1, $XIAOMI-W(01810.HK) jumped over 10% intraday after Xiaomi Auto delivered 30k units in Apr. (+50% MoM). Locked-in orders for the new SU7 topped 70k.Recovering deliveries and strong order intake validate market acceptance, supporting the full-year target of 550k vehicles. The strong share move also reflects a re-rating of the 'smartphone + AIoT + auto' strategy, lifting sentiment across the supply chain.Focus now shifts to the capacity ramp and execution on order fulfillment. Follow-through will depend on these milestones...

Xiaomi HK SDR 2to1

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Xiaomi Corporation

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Kuaishou HK SDR 5to1

Duolingo

Shopify 

Intel

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Amazon

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

Direxion Daily AMZN Bull 2X Shares

Xiaomi Auto data sparks rally; Doubao to launch new paid model | Daily News Recap

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0423 | Dolphin Research Focus: 🐬 Stock #1, $XIAOMI-W(01810.HK). Xiaomi rolled out the MiMo‑V2.5 suite overnight, featuring four new models.The flagship Reasoning V2.5 and the multimodal Agent V2.5‑Pro enter public beta and will be open‑sourced. V2.5‑TTS and V2.5‑ASR will launch later.The lineup centers on agent use cases, with token efficiency notably improved. V2.5‑Pro is benchmarked against top‑tier Intl models such as GPT‑5.4. AI iteration is accelerating...

Microsoft

Lululemon

NEW ORIENTAL-S

New Oriental EDU & Tech

EAST BUY

Goertek

Moutai

ASML Holding NV

Xiaomi fires off 4 MiMo LLM releases; TSM puts ASML's newest litho tool on hold | Daily News Recap

TSMC

Conference Minutes

Below are Dolphin Research's call notes for $Taiwan Semiconductor(TSM.US) FY26Q1. For our earnings analysis, please see 'TSMC: AI's true overlord — who can challenge it?'.Key highlights are as follows. 1) Shareholder returns — the company pledged to steadily raise DPS on both an annual and quarterly basis. In Q1, it declared an NT$130bn cash dividend for 2025 Q2. 2) Guidance — Q2 revenue is guided to $39.0-40.2bn (+10% QoQ ...).

TSM (Trans): Stays 'cautious', modestly lifts FY guide

TSMC reported Q1 2026 results (quarter ended Mar 2026) on Apr 16, 2026 Beijing time, before the US market open. Key takeaways: 1) Revenue.

TSM: AI's Undisputed Leader — Who Can Challenge It?

TSMG

TSMX

TSM 1Q26 First Take: Another solid print, with topline growth largely foreshadowed by the monthly ops data.Revenue came in at $35.9bn, above the high end of guide ($35.8bn), aided partly by FX tailwinds from USD strength vs. TWD. On a TWD basis, revenue rose 8.4% QoQ, implying an even stronger underlying performance. The more consequential takeaways this quarter are GPM, capex and forward guidance.These will drive investor focus into the back half. ① GPM: GPM reached 66.2%, near the raised buy-side bar (66–66.5%), driven by better ASPs and lower unit costs as scale builds.Management guided next-quarter GPM to 65.5–67.5%, broadly in line with the revised buy-side range (66–66.5%). The shift of AI chips from 5nm to 3nm should continue to lift blended ASPs and margin. ② Capex: Capex was $11.1bn in the quarter.With the 2026 capex plan already raised to $52–56bn, implied capex for the remaining three quarters is $40.9–44.9bn. Spend is back-half weighted at an Avg. $13–15bn per quarter, consistent with ASML’s full-year guide calling for a stronger 2H. ③ Outlook: Next-quarter revenue is guided to $39.0–40.2bn, above the raised street view (~$38.8bn), underscoring smooth migration of AI workloads to 3nm.For 2026, management lifted revenue growth to 30%+ (from ~30%), signaling confidence and aligning with mainstream institutional expectations. Overall, TSM delivered another strong set of results.Revenue hit a new high while GPM stepped up to 66%. Even after consensus moved higher, the company still offered above-consensus quarterly guidance. Within the current AI silicon stack, TSM’s lead in technology and capacity remains clear, giving it pricing and allocation leverage with downstream customers such as NVDA, GOOGL and AMD.It is positioned as the ‘steady and highly profitable’ winner of this AI capex cycle. For more, follow Dolphin Research’s detailed takeaways and Trans. $Taiwan Semiconductor(TSM.US) $Leverage Shares 2X Long TSM Daily ETF(TSMG.US) $Direxion Daily TSM Bull 2X Shares(TSMX.US)

Leverage Shares 2X Long TSM Daily ETF

Direxion Daily TSM Bull 2X Shares

NVIDIA Corporation

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By 2030, the combined market for power batteries and energy storage could exceed 4 TWh.Over the next few years, CAGR may surpass 25%-30%.

CATL HK SDR 30to1

SSE Index

ZHONHEN

CATL (1Q26 Trans): Q2 builds remain fully booked; capacity utilization holds at 85%-90%.

Global Banks Hike Financing Costs and Tighten Trading for SK Hynix and Samsung Leverage Bets

TrendForce: Top 10 Global Wafer Foundries Hit Record Q1 Output, TSMC Market Share Rises to 72%

Strong AI Demand and TSMC Price Hike Expectations Drive Hong Kong Semiconductor Sector Rally

TSMC Plans to Raise 3nm Foundry Prices by Up to 15% in H2 2026 Due to Supply Gap

TSMC's Wei Mo-Jen Warns of Taiwan Resource Shortages, Reaffirms Core Base

Taiwan Stock Market Volatile and Closes Lower Amid Dividend Ex-Date and US-Iran Tensions; Foreign Investors Continue Selling TSMC While Buying UMC

2026 Taiwan Wealth List Revealed: Strong Growth in Semiconductor and AI Industries Drives Corporate Performance and Strategic Adjustments

Guo Mingting Predicts: TSMC CoPoS Mass Production in H2 2028, Glass and ABF to Coexist Rather Than Replace

TSMC Fills Dividend Gap Amid High Inflation and Patent Litigation Scare Despite Record Revenue

Nvidia's Huang Emphasizes TSMC's Core Beneficiary Role in AI Chip Industry

TSMC Entry Drives Kumamoto Otsu Town to Propose 200 Yen Per Night Accommodation Tax

TSMC May Sales Surge 30% on Strong AI Demand, Raises Full-Year Capex Guidance

TSMC CFO: Inflation Raises Costs, Chip Price Hikes Possible But Not Spike

TSMC May Revenue Hits 416.98 Billion TWD, Up 30.1% YoY

TSMC May Revenue Reaches 416.98 Billion TWD

TSMC May Sales Reach NT$416.98 Billion

Taiwan Semiconductor(TSM.US)

TSMC eyes 15% 3nm price hike as AI demand strains supply

Nvidia CEO Jensen Huang Calls AI ‘Insanely Profitable’ for TSMC. How to Play TSM Stock Here.

Chip stocks rise on AI demand and Taiwan export review

TSMC 3nm capacity still tight, prices seen rising 15% in second half of 2026

Trending | TSM Increases 3% on Thursday, Some Call options Soar 900%

Two AI titans flash entries as Rocket Lab readies for launch

Tech, media & telecom roundup: Market talk