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Mahoney Asset Management CEO @MahoneyGPS says one driver behind the strong earnings for $TSM and other multi-nationals that’s not getting enough attention: a weaker dollar.
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Why upcoming tech earnings may be ‘parabolic’ for the market
Nvidia (NVDA) and Microsoft (MSFT) saw their stock prices jump thanks to their big push to invest and make advancements in AI. Thanks to that outsized growth, there is a potential that they will continue to maintain their dominance on the S&P 500 (^GSPC). As they hold their dominance, the outcome of their earnings can have major sway over the broader market.
More on Yahoo Finance: https://finance.yahoo.com/video/why-upcoming-tech-earnings-may-172129783.html