Paul Spoonley
👤 SpeakerAppearances Over Time
Podcast Appearances
Remember that?
Yes, they are.
So it's taken a quarter of a century, but they've finally climbed back above their dot-com era peak.
So they're up 24% on Friday after their results.
Higher again overnight.
That jump is the biggest since 1987.
So they're trading at fresh record highs.
So stock up 125% this year.
Remember the U.S.
government stepped in last year.
They were sort of underperforming a bit and sort of they're dishing out sort of tens of billions of grants and subsidies to make them sort of expand there or to encourage them, should I say, to expand their chip manufacturing in the U.S.
So that's helping.
And it's also helped the U.S.
So their stake, they chipped in $9 billion last year.
That's worth $36 billion.
But, yeah, results are all good.
So first quarter revenues are up 7%, $13.6 billion.
Even more impressive, second quarter guidance.
That blew past forecasts.