Ramping GPUs (NVDA), handsets (QCOM) and network ICs will lead pure play foundries to double digit orders for Q2, according to Digitimes. End market demand remains suspect.
Taiwan Semi bottomed out in early February. We’re getting some snap back to demand, though demand has fallen and will presumably not return to prior growth rates. Very tricky to gauge but many data set oriented investors will buy stocks on positive revisions regardless of valuations.