Previous close | 12.95 |
Open | 12.15 |
Bid | 12.20 |
Ask | 12.85 |
Strike | 90.00 |
Expiry date | 2025-01-17 |
Day's range | 12.15 - 12.95 |
Contract range | N/A |
Volume | |
Open interest | 427 |
Shares of semiconductors were outpacing the broader markets, which were quite volatile today. Industry leaders Taiwan Semiconductor Manufacturing (NYSE: TSM), Micron Technology (NASDAQ: MU), and Aehr Test Systems (NASDAQ: AEHR) were up 2.1%, 5.5%. There wasn't any company-specific news today, but the broader semiconductor sector was up strongly, even as many other cyclical industries outside of tech were struggling.
Last week I attended the most talked-about industry event in Taipei in recent memory, a panel discussion between Taiwan Semiconductor Manufacturing founder and former chair Morris Chang and Chip War author Chris Miller. The first thing that Chang said to Miller on stage was: “I wish I had written the book.” While Chip War emphasises the Taiwanese government’s role in the early years of TSMC, Chang says it was more like an “investor” than a “partner” — and not a particularly bullish one, either.
Now is a great time to start building a portfolio of growth stocks to simply hold on to for the next decade. Three industry-leading companies that I think will continue their growth trends are Spotify (NYSE: SPOT), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Topgolf Callaway (NYSE: MODG). No company has been more critical in the recovery of the music business than Spotify.