全球科技洞察：关注本周台积电、ASML和DISCO业绩会

Investment Rating - The report maintains an "Overweight" rating for the electronics sector [1]. Core Insights - The report highlights the upcoming earnings calls for TSMC, ASML, and DISCO, emphasizing the importance of AI-related demand and capital expenditure guidance [1][2][3]. - Recent financial data indicates strong AI-related demand, with DISCO showing a revenue increase of 38% year-on-year for Q2 FY24, although shipment amounts have shown a slight decline [2]. - TSMC is expected to report a revenue increase of 37% year-on-year for Q3 2024, with a focus on AI demand visibility and capital expenditure guidance [3]. Summary by Sections Section: Earnings Expectations - TSMC's Q3 2024 revenue is projected at 750.527 billion New Taiwan Dollars, reflecting a 37% year-on-year growth [4]. - ASML's Q3 2024 revenue is expected to reach 7.199 billion Euros, with an 8% year-on-year increase [4]. - DISCO's Q3 2024 revenue is anticipated to be 98 billion Japanese Yen, showing a 35% year-on-year growth [4]. Section: Market Performance - The S&P 500 index increased by 1.1%, and the Philadelphia Semiconductor Index rose by 2.5% in the past week [1]. - The Nikkei 225 index rose by 2.5%, reflecting a positive sentiment in the Japanese market due to easing recession concerns in the U.S. [2]. Section: Company-Specific Developments - AMD and Tesla's recent earnings calls did not meet market expectations, leading to a decline in their stock prices [1]. - DISCO is noted as a global leader in semiconductor grinding and polishing equipment, with a strong correlation to NVIDIA's stock performance [2].