Things learned: 1) Do not pay too much attention to doom and gloom predictions. 2) Do not sell stocks on impulse or fear. For 2, I regretted selling Nvidia when the stock tanked. Should have stayed calm and assess the situation before selling. Saving grace was that I didn't sell all my holdings.
LIKE A SCHOOLBOY CALLED TO THE PRINCIPAL’S OFFICE The hearing felt as if the schoolboy was called to the principal’s office to get lectured - and not allowed to talk back. At times Chew asked the committee chair for time to respond but the chair refused, giving the floor to the next congressperson instead.
Chip sales that have declined across many customer segments are still enjoying one area of rising demand: cars. Growing sales of electric vehicles -- which tend to use more semiconductors than their gas-powered counterparts -- coupled with greater automation of all vehicles, have kept producers of chips for cars busy. The long-term outlook for the market appears robust, Tesla Inc. suggested this past week, as Chief Executive Elon Musk detailed plans for his car company to scale up to 20 million vehicles a year by 2030, from around 1.3 million in 2022. We're consuming about 700,000 12-inch wafer equivalents," Tesla's supply-chain vice president Karn Budhiraj said Wednesday, referring to the material individual chips are made of. "We're going to need 8 million wafers," he added, once the com
Rolls-Royce shares soar 23% after annual results beat expectations. Once the headline came out, people who can afford or cannot afford Rolls-Royce were shocked. In fact, Rolls-Royce's main business is aero-engines, now Rolls-Royce's car trademark already belongs to $Bayerische Motoren Werke AG(BMWYY)$. The jewel in the crown of the industry: the engine that saved BritainIn 1906, two engineers set up a company in Manchester, England, with the aim of building automobiles.Later, in response to national demand, the company became involved in the aero-engine business, producing the Eagle engine that was used extensively in World War I Allied aircraft.By the end of the 1920s, aero engines had become the company's main business, and Hurricane and S
As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,282.30 points, down 1.38% points in the past 5 days.During the last 5 trading days, $THE HOUR GLASS LIMITED(AGS.SI)$, $GOLDEN ENERGY AND RESOURCESLTD(AUE.SI)$, $FIRST SPONSOR GROUP LIMITED(ADN.SI)$, $FRASERS CENTREPOINT TRUST(J69U.SI)$ and $FIRST RESOURCES LIMITED(EB5.SI)$ are the top 5 Weekly gainers, up 8.17%, 4.94%, 3.88%, 3.27% and 3.
It surprised the investment world when Berkshire Hathaway announced a $4.1bn investment in TSMC in 2022. Buffett rarely ventures out of the US and even if he did, the stake isn't huge typically. So it seems unusual when TSMC was one of the top holdings in Berkshire's portfolio. That said, it is not difficult to guess why TSMC is a Buffett stock. TSMC is a clear leader in semiconductor manufacturing and currently cornered more than 50% market share in the world. The technology know-how to make the world's most advanced chips and the ability to produce at scale are the competitive advantages of TSMC. If so, why did Berkshire Hathaway sell majority of its TSMC stake in less than six months? He didn't explain and didn't need to, so we can only speculate why he did it. Berkshire bought TSMC sh