Central banks in UK, Europe and the US all set to raise rates
Intel's (NASDAQ: INTC) stock dropped 6% on Jan. 27 in response to its dismal fourth-quarter earnings report. For the full year, Intel's adjusted revenue and earnings fell 16% and 65%, respectively, as it grappled with the post-pandemic slowdown of the PC market, stiff competition from AMD (NASDAQ: AMD), and macro headwinds across the data center market. Intel clearly faces tough near-term headwinds, but its stock has already slumped to its lowest levels in nearly six years.
ASML Holding (NASDAQ: ASML) posted its fourth-quarter earnings report on Jan. 25. For the full year, ASML's revenue grew 14% to 21.17 billion euros ($23.02 billion), but its earnings per share dipped 2% as inflation and higher supply chain costs squeezed its gross margins. How fast has ASML been growing?
While its investments in building materials manufacturer Louisiana Pacific and investment banking firm Jefferies Financial Group were familiar buys in the Berkshire investing mold and constituted relatively small investments, the third new portfolio addition was eye-catching. Berkshire Hathaway purchased 60 million shares of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), which was worth approximately $4.1 billion at the time of publication of the investment conglomerate's most recent 13-F filing in November. The big buy made TSMC Berkshire Hathaway's 10th-largest overall stock holding and marked the first time that it had held a position in a pure-play semiconductor company since it exited a small position in Intel back in 2012.