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Political Risk Overrides Earnings: AMD, TSMC & the Chip Selloff
Audio is available on Spreaker — see link below.
AMD posts its best quarter ever — revenue up 45%, data center nearly doubled — yet the stock crashes 13% as Washington's AI regulation threat rewrites chip valuations. TSMC beats again, memory shortages hit Nintendo, and Samsung bets $30B on HBM: here's what investors and engineers need to know.
Audio is available on Spreaker — see link below.
AMD just posted its best quarter ever and the stock fell thirteen percent. That's the number that tells you everything about where this market is right now.
The important distinction here is that the selloff wasn't about AMD's business. It was about what just changed in Washington.
TSMC's situation illustrates the same dynamic from a slightly different angle. The company posted its third consecutive earnings beat.
The regulation fear is creating a second-order effect that's worth tracking. AI's demand for memory is now consuming supply that used to flow into consumer products.
Samsung held a groundbreaking on November twelfth for a new HBM packaging plant at Onyang, part of a forty-six trillion won back-end processing investment. The Korea-based build could also function as a hedge against US regulatory risk, keeping production capacity outside the reach of potential US data center permitting or energy rules.
The uncertainty right now is genuine. There's no clarity on whether Ansari's proposal becomes legislation, filters through state-level rules, or stays as rhetoric.
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