News

Inflation data improvement boosts a slight rise in iron ore, BHP negotiation "timeline" sees new progress, and if expectations for supply release are realized, the supply-demand balance may be disrupted!

They wrote that, driven by ongoing AI demand and its leading position in advanced nodes, this chip manufacturer may provide guidance for quarter-on-quarter revenue growth in the second quarter. They stated, however, that as this Taiwanese company expands its 3-nanometer chip production capacity and its 2-nanometer chips enter mass production, its profit margin in the first quarter may face some pressure. Meanwhile, external cost pressures may persist, with geopolitical disruptions leading to higher average chemical prices. Macquarie expects TSMC's gross margin to decrease from an estimated peak of about 64% in the first quarter to around 62.4% in the second quarter. Nevertheless, these analysts believe TSMC's long-term growth fundamentals remain solid.

7:00 (UTC+8) - 12:00 (UTC+8) Keywords: Iran, insider trading, Circle1. Iranian official media strongly refute rumors of negotiations in Pakistan;2. The US Department of Labor will release the March CPI data tonight at 20:30 (UTC+8);3. Covenant AI announces its exit from Bittensor, TAO drops 15%;4. The White House issues a warning to employees: strictly prohibiting the use of government secrets for insider trading;5. World Freedom Finance Company rebuts liquidation concerns, clarifying that it faces no liquidation risk;6. Circle's stock price drops 10% due to analysts downgrading its rating and the Drift Protocol investigation;7. Galaxy Digital records a net loss of $241 million for the year, impacted by unrealized losses on digital assets and investment positions.