Have we reached the bottom for AI-related semiconductor stocks?

Using TSMC monthly revenue as a reference, we can see most of the monthly revenue are down yoy. Furthermore, the profit margin based on net income/gross income is also on a downtrend (from Q2 2022: 46.5%, Q1 2023: 40.0%, Q2 2023: 37.8%). Remember to look out for Q3 results on 19 Oct 2023! 

The escalating tensions between US and China is likely to affect the semiconductor industries and export bans may lead to further downside for most semiconductor companies.

When everyone seem to be in a strong buying mood! Remember to be fearful when others are greedy and be greedy when others are fearful!! The AI bubble is slowly forming and I believe most semiconductor stocks are not at a fair value. 

No doubt the stock will continue to break new high in the future but I'll probably wait for the next pull-back before entering again. For me, I would rather play safe to earn less than to enter at a high price and suffer potential loss when there's a pull-back. What about you?? Do let me know your thoughts!!

$Semiconductor Bull 3X Shares(SOXL)$ $Taiwan Semiconductor Manufacturing(TSM)$ $Palantir Technologies Inc.(PLTR)$ $NVIDIA Corp(NVDA)$ $Advanced Micro Devices(AMD)$ 

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