Sentiments are running high as we marched towards the 2nd half of the year. Enjoy the volatility :) Funds/institutions would have prepositioned much earlier as can be seen from articles published over the last couple of months - semiconductor recovery :)

TSMC experienced a 60% surge in April sales to 236 billion New Taiwan dollars ($7.3 billion), driven by ongoing demand for artificial intelligence and signs of recovery in consumer electronics. The world’s largest contract chipmaker is projected to boost sales by about a third this quarter, following a 34.3% increase in revenue growth in March, primarily fueled by the relentless demand for AI semiconductors.