Advertisement
New Zealand markets open in 9 hours 14 minutes
  • NZX 50

    11,803.28
    -49.52 (-0.42%)
     
  • NZD/USD

    0.5917
    -0.0004 (-0.07%)
     
  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     
  • OIL

    81.08
    -0.82 (-1.00%)
     
  • GOLD

    2,324.60
    -21.80 (-0.93%)
     

Watch out Market, Semiconductors are Trying to Warn Us

Taiwan Semiconductor (TSM) missed and warned today. They lowered 2Q revenue guidance to $7.8-$7.9 billion. The street was at $8.82 billion. They blamed it on smart phone slowing. Mizuho securities also warned today that Apple’s (AAPL) forward guide would have to come down as well.