Episode 54: Are Hopes For An End-of-Year Stock Rally Now Gone? Tesla (TSLA), Lam (LRCX), and Taiwan Semi (TSM)

In this video, we discuss the latest earnings reports from Tesla (TSLA), Lam Research (LRCX), and Taiwan Semi (TSM), and what they mean for a possible end-of-year stock rally. Tesla's Q3 2023 earnings weren’t great, with revenue and deliveries below expectations. The EV price war is hurting, and even Elon Musk said Cybertruck production is going to hurt. However, the company is still on track to produce 1.8 million vehicles in 2023, and is making progress on its 4680 battery cell production and new factories in Berlin and Texas. Did Tesla really “dig its own grave” as Musk quipped? Lam Research is expected to recover in 2024, but profit margins could flatline as the company invests in new chip developments. We think LRCX is a moderate buy, and perhaps a better bet on the memory chip market than Micron, given its profitable, repurchasing stock, and pays a 1.3% a year dividend yield. But investors may need to endure some hurdles. TSM's CEO sees the return to industry growth in Q4 2023, driven by the continued strong ramp of its 3-nanometer technology. However, inventory digestion is expected to continue due to the persistent weaker overall macroeconomic conditions, slow demand recovery in China, and ongoing weakness in PC and smartphone sales. Is it time to buy the world’s largest and most advanced chip manufacturer? Overall, we are cautiously optimistic about the end-of-year stock rally, in spite of surging interest rates. Tesla, Lam Research, and Taiwan Semi are all well-positioned to benefit from the long-term growth of the semiconductor industry. However, investors should be aware of the potential risks, and invest accordingly. Tune in for this important episode of Chip Stock Investor! If you feel like leaving us a tip you can do so at : https://ko-fi.com/chipstockinvestor Thanks for the support! We use data, charts, and KPI's from our friends at Main Street Data. If you would like to check it out and subscribe to a premium membership here is a link that will get you 10% off👇 https://mainstreetdata.com/subscription?via=chipstockinvestor #tesla #lamresearch #tsmc #taiwansemiconductor #aehrtestsystems#semiconductor #chips #investing #stocks #finance #financeeducation #silicon #artificialintelligence #ai #financeeducation #chipstocks #finance #stocks #investing #investor #financeeducation #stockmarket #chipstockinvestor #fablesschipdesign #chipmanufacturing #semiconductormanufacturing #semiconductorstocks Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. Nick and Kasey Rossolillo own shares of Tesla, Lam Research, and Aehr Test Systems.