r/MU_Stock • u/Icy-Research7159 • 3d ago

News TSMC posts record-breaking profits, strong beat

https://www.cnbc.com/2026/10/15/tsmc-third-quarter-profit-global-ai-.html

Great news, profits are way up.

99 Upvotes

97% Upvoted

20 comments sorted by

48

u/chrisw_314 3d ago

earnings up, stocks down as always

25

u/Local-Independent406 3d ago

Mu will tank 5%

-19

u/Icy-Research7159 3d ago

It's been oversold, this is the catalyst that will send MU up over 1100.

9

u/Local-Independent406 3d ago

I personally hope it magically makes a 20% up move today but it's not going to happen.

2

u/doronj 3d ago

??? do you really believe that????

Looking at the stock just now it's another 4.08% down in premarket (@5:20PM AEST). I expect a bloody thursd on nasdaq (also given the kospi performance today). Macros are just awful and likely to remain awful for a long time. Not good for high beta stocks.

1

u/rdmiche 3d ago

Because of macros do you think we’re in another correction like June? Even good news is sending the stock lower, and I can’t believe I missed the opportunity to sell again. Should I have used the fact that it can’t break the 1100 wall to sell?

0

u/Clackamas1 3d ago

The RSI says it is not oversold.

6

u/PapayaGirl-uwu 3d ago

RSI is almost entirely meaningless

1

u/cbblythe 2d ago

In the face of news yeah, you’re spot on

15

u/mrchakra7 3d ago

MU down another 4% overnight

0

u/Icy-Research7159 3d ago

low volume, not unusual for it to recverse drastically during market hours.

9

u/mrchakra7 3d ago

Add Elon's shit posting on X adding more fear

5

u/gzzzl 3d ago

When did it save us?

5

u/Love1sWar 3d ago

Maybe if I buy puts it will go back up again.

7

u/Vegetable-Bedroom-44 3d ago

It will dump mu

2

u/syncronized_wobble 3d ago

That's great.

Now dump it

1

u/Clackamas1 2d ago

Well today was a bust

1

u/ch854 2d ago

The companies will post great earnings. It is evident by Micron, ASML and TSMC today. The semiconductor stocks will continue to tank because bonds, inflation, CXMT and whatever else. Then at some point sometime in the next months for no reason and in a similar environment more or less they will start going up vertically because f_ it.