SMCI I think this probably is going to accelerate until EOY. At some point there will be profit taking and rebalancing then up again. Balancing may happen if trade tension persisted.
With SMCi backlog that will be showing in their guidance this quarter, it could break the $60s resistance. 🚀
SMCI Trump Says Threatened High Tariffs on China ‘Not Sustainable’
BLOOMBERG
President Donald Trump said high threatened tariffs with China were not viable as tensions between the world’s two largest economies intensify ahead of an expected face-to-face meeting with Chinese counterpart Xi Jinping.
“It’s not sustainable,” Trump said in an interview with Fox Business, a clip from which aired Friday, when asked whether the levies he has threatened to impose on China could remain in place without significantly affecting the economy. “But that’s what the number is, it’s probably not, you know, it could stand, but they forced me to do that.”
The tariff clash between Washington and Beijing saw US import taxes on Chinese goods rise to as high as 145% in a tit-for-tat exchange that raised fears of a global downturn and a cutoff in trade between the two economies. Those levies were paused however in a series of 90-day truces, the most recent of which is set to expire Nov. 10, unless it is extended again.
Read More: Trump Strikes Deal With Merck KGaA on Tariffs, IVF Costs
The pause was intended to allow the US and China time to resolve broader disputes over trade, but those efforts suffered a setback as Washington expanded some restrictions on technology and proposed levies on Chinese ships entering US ports and Beijing responded with similar moves and outlined tighter export controls on rare earths.
SMCI How Supermicro Engineered Building Blocks and AI - Interview with Charles Liang & Dylan Patel
Dylan brings real curiosity to the conversation, and Charles shares Supermicro’s story with grounded humility. The result? A thoughtful, dynamic interview that feels both authentic and inspiring.
SMCI TSMC Profit Beats Estimates in Latest Sign of Robust AI Spending
BLOOMBERG
Taiwan Semiconductor Manufacturing Co. posted a better-than-anticipated 39% jump in quarterly profit, the latest sign of rising demand for components like Nvidia Corp. chips that power AI.
TSMC reported net income of NT$452.3 billion ($14.8 billion) in the September quarter, compared with the NT$405.5 billion average analysts’ estimate. The company previously reported a better-than-anticipated 30% increase in revenue, reflecting the billions of dollars that tech companies from OpenAI to Oracle Corp. are funneling into data centers in the post-ChatGPT era.
The results underscore how TSMC, the go-to chipmaker for Apple Inc. and most of the world’s biggest chip designers, remains one of the bigger beneficiaries of a spending spree on AI infrastructure that’s expected to cross the $1 trillion mark in coming years. The investment rush, coupled with a rapid climb in tech stock valuations, has drawn comparisons to the dotcom bubble given the persistent absence of mainstream AI applications and services.
SMCI I think this probably is going to accelerate until EOY. At some point there will be profit taking and rebalancing then up again. Balancing may happen if trade tension persisted.
