· 供应链分析
是的，随着 $TSM 全面大幅超出盈利预期，我们已经对未来增长有了一些洞察。 我总看到 X 上的人只引用 $ASML 就声称半导体扩张正在放缓，但这完全错了。ASML 衡量的是晶圆厂(Fab)扩张周期。 人们只需看看 TSM，因为它是衡量 AI 数据中心/AI 建设最纯粹的方式，毕竟他们几乎制造所有东西 lol。 而且他们确实预测了高增长+扩大的利润率。 量子/矿产等更具投机性。有些可能会表现良好，但像 Neoclouds 这样的高远期营收/利润是最可持续的，并将在未来的财报中引发市值的大幅重估。
Yeah we already got some insights into future growth with $TSM blowing out high expectations on earnings across the board. I keep seeing people on X saying semi expansion is slowing by only citing $ASML but they're completely wrong. ASML is a measurement of Fab expansion cycles. People just need to look at TSM, which is the purest way to measure AI datacenter/AI buildout because they literally make everything lol. And they literally projected high growth + expanded margins. Quantum/Minerals, etc are more speculative. Some might turn out well, but high forward rev/profit on stuff like Neoclouds are the most sustainable and will cause large re-ratings to marketcaps in future earnings reports.