TSM earings on June 20th. Like many other chipmakers, it’s enjoyed the AI tailwind. However, it had guided for a weak 2023, including recently on Jun 6. MU recently reiterated weakness in the chip market too. And only a small fraction of TSM’s revenue - single percentage points, iirc - comes from AI chips.
Since it’s shown some consolidation recently and there’s that gap to potentially fill, thinking of getting some bearish positions to play this.