Pretty crazy Reuters piece on the global selloff.
- October 22 marked the 1st time since the COVID crash that long/short, systematic, and multi-strategy hedge funds tracked by Goldman Sachs ALL lost more than 1% in a single day.- Tech-focused hedge funds: down ~10% in October- Asia-focused hedge funds: down ~9% in OctoberThere’s separate interviews where Citadel/JP Morgan have been saying retail has been the ones buying the dip in semiconductor, neocloud, and memory stocks.And the stocks bought by most retail were $Nebius(NBIS.US), $Sandisk(SNDK.US), and $Taiwan Semiconductor(TSM.US).Reuters stated this downturn triggered institutional deleveraging events among hedge funds.Quite the divergence, I do think there’s been a ton of irrational selling now, hedge fund deleveraging seems to be a major contributor.
TSM 2X Long ETF
TSMX74.3792.55% ( +1.849 )
Share your thoughts
What's on your mind?
0 / 2,000
- A
Google and Meta announced new AI capex plans that boost Taiwan suppliers, media report:
Google plans to scale as many as 960,000 Nvidia Vera Rubin GPUs in an aggressive build out of Vera Rubin NVL72 AI server racks, which is expected to benefit supply chain partners TSMC for chips and CoWoS-L advanced packaging, while Quanta and Wiwynn will assemble the AI servers.Meta raised its capex range to US$135 - $145 billion, upping the low from $130B, which bodes well for AI server partners Foxconn, Quanta, Wistron and Wiwynn.Source: Dan Nystedt
- A
TSMC is looking at North Texas as a possible 2nd fab site in the US due to its vast tracts of lower-cost land where TSMC can build multiple mega-factories over the next decade, media report, as well as direct power grid access and mature semiconductor industry hubs nearby in Austin and Dallas.
Texas has its own power grid operator, Electric Reliability Council of Texas (ERCOT), making approvals to connect to the grid faster and easier. Mature chip hubs mean engineering resources, equipment support, materials and other suppliers are already nearby (chip manufacturing infrastructure). $Taiwan Semiconductor(TSM.US) #semiconductors #Texas #ArizonaSource: Dan Nystedt
- A
Typhoon Champi shuts down much of Taiwan as heavy rain, high winds reach the main island, media report, adding TSMC Sports Day, set for Saturday (10/24) has also been cancelled. Now we have to wait to see the 2026 TSMC shoes (‘Just Fab It’ edition)… $Taiwan Semiconductor(TSM.US) #typhoonchampi #Taiwan
Source: Dan Nystedt
- P
While we eyeball company level spending on AI, we must not be blindsided by the larger narrative of the marketing demanding greater evidence of ROI. Another note, while Griffen was noted as saying AI is in a bubble, Blackstone President pushed back that notion. So, the jury is still oit
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Tesla Cuts Capex, Meta Raises ItTesla and Meta reported the same night and made opposite calls on AI spending. One cut its budget, the other raised it. At home, banks are easing back after Wednesday's gains. Let's dig in 👇💬 Tesla cu...
- N
We are approaching the end of October, where it's usually the weaker/weakest month of the year. Will November be any better? Honestly I have my doubts. FED is more than likely to definitely increase interest rate 1 more time by end of the year, and this could dampen share prices even more.
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Tesla Cuts Capex, Meta Raises ItTesla and Meta reported the same night and made opposite calls on AI spending. One cut its budget, the other raised it. At home, banks are easing back after Wednesday's gains. Let's dig in 👇💬 Tesla cu...
- D
The market looks like it is figuring out where to go. Tech has been sold off quite a bit as we go towards a seasonally strong period.
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Tesla Cuts Capex, Meta Raises ItTesla and Meta reported the same night and made opposite calls on AI spending. One cut its budget, the other raised it. At home, banks are easing back after Wednesday's gains. Let's dig in 👇💬 Tesla cu...
- A
Looking forward to the next fed decision on 28 October since it has a rippling effect to SG stocks as well
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Tesla Cuts Capex, Meta Raises ItTesla and Meta reported the same night and made opposite calls on AI spending. One cut its budget, the other raised it. At home, banks are easing back after Wednesday's gains. Let's dig in 👇💬 Tesla cu...
- D
End October to see what Fed says.. it’s probably going to be status quo with comment about inflation risk
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Tesla Cuts Capex, Meta Raises ItTesla and Meta reported the same night and made opposite calls on AI spending. One cut its budget, the other raised it. At home, banks are easing back after Wednesday's gains. Let's dig in 👇💬 Tesla cu...
- N
High risk, low reward for taking on the market at this moment in time. I will wait for a clear picture of how things turn out.
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Tesla Cuts Capex, Meta Raises ItTesla and Meta reported the same night and made opposite calls on AI spending. One cut its budget, the other raised it. At home, banks are easing back after Wednesday's gains. Let's dig in 👇💬 Tesla cu...
