Type: Contrarian Signal
Period: 2025Q2
Topic: - TSMC: Demand is 'getting stronger and stronger'. CoWoS capacity doubling annually through 2025. Bottleneck ensures pricing power. strength 5 - Broadcom: AI revenue sustaining 60% YoY growth. $10B+ run rate. Non-AI weakness is being replaced by structural AI expansion. strength 4 - Lam Research: Generated $1B from HBM/advanced packaging. Orders for AI equipment outperforming WFE. China loss offset by AI margin expansion. strength 3 - STMicroelectronics: Auto inventory 'high'. 340bps gro