To The Moon

The market exhibited a negative bias due to rising rates and the belief that the Federal Reserve may not be as aggressive as previously anticipated, following solid economic data.

Stronger-than-expected September retail sales and less alarming initial jobless claims were key data points

$Netflix(NFLX)$  reported impressive Q3 results with GAAP EPS of $5.40, surpassing expectations by $0.28. The company also saw revenue rise to $9.82 billion, marking a 15% year-over-year increase, and a gain of 5.07 million global streaming paid memberships. Netflix anticipates continued growth in its advertising business, with ads membership up 35% quarter-on-quarter. The company projects a 15% revenue growth for Q4 2024, with an even higher growth rate on a foreign exchange-neutral basis.

$Taiwan Semiconductor Manufacturing(TSM)$  experienced a significant surge in stock price,jumping 13% following its third-quarter results and guidance that exceeded estimates. The company's net revenue grew 36% year-over-year, driven by strong demand for AI chips.

We might be seeing market showing negative bias while strong earnings from Netflix and TSM might do little to help push the market higher.

I will be still watching my semiconductor stocks.

$Advanced Micro Devices(AMD)$  

Appreciate if you could share your thoughts in the comment section whether you think $NVIDIA Corp(NVDA)$  would benefit from TSM continued surge.

@Daily_Discussion @TigerStars  @TigerClub  @TigerWire   appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.