TSMC’s Record Q4 Profits, Checkout.com’s $1 Billion Series D Round & Chegg CEO Dan Rosensweig on the Future of EdTech

TechCheck

CNBC

Disruptors, Cnbc, Investing, Tech, Management, Business, Technology, Faang

4.5 • 66 Ratings

🗓️ 13 January 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start today’s show covering chipmaker TSMC’s Q4 results, with insight and top sector picks from Cambiar Investors Investment Principal Joseph Chin. Then, CNBC’s Leslie Picker reports on the trading debut of private equity firm TPG, and former Amazon Studios Head of Strategy Matthew Ball provides a look at opportunities in the metaverse. Checkout.com CEO Guillaume Pousaz also visits after the online payments company raised $1 billion in Series D funding. Next, our Julia Boorstin highlights some key trends among start-ups as CNBC seeks nominations for its annual Disruptor 50 list. Later, education tech firm Chegg CEO Dan Rosensweig joins to discuss the platform’s new, more personalized study service, “Learn With Chegg.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.
0:07.8	Good Thursday morning. Welcome to Tech Check. I'm Carl Kintanilla with John Ford and Dear Drubosa.
0:11.7	Today, the NASDAQ quickly moving lower here, down about 1% Taiwan semi, though, managing to hold on, lifting the entire chip sector back to new heights at the open.
0:20.5	Can you continue to bet on the winners or is it time to dip in chips?
0:24.5	Then snapcrackles, shares get another downgrade.
0:26.7	We're going to tell you why those iOS changes may be to blame.
0:29.8	Later, the CEO of Chegg, stock was held back last year, but upgraded today,
0:34.4	why one firm thinks this name could graduate to record levels in 2022D.
0:39.1	Carl, we're going to start with the chips.
0:41.2	Taiwan semi-shares, as you mentioned, getting a nice pop this morning after the iPhone supplier
0:44.8	reported a record profit in Q4 and provided upbeat guidance.
0:48.5	The move, good enough for a new all-time high, shares up more than 6%.
0:52.5	And this comes as the chip sector continues to outperform
0:55.3	software, a sharp divergence that started in late October. Check out this chart. Semis were one of the
1:01.8	strongest trades of 2021 and you see that divergence really take place around November. We were
1:07.2	seeing a boost to other names in the sector as well. A very interesting setup heading into earnings season.
1:12.5	Will semis continue to outperform?
1:14.3	Will software surprise to the upside John?
1:17.3	There's bifurcations within bifurcations.
1:20.4	What we hear from a lot of the CHIP CEOs across the board, though, and we've talked to several of them over the last few weeks, is that demand is not going
1:27.8	away. We're not talking so much about a mature smartphone market. We're talking about all of these
1:32.0	new trends to pick up demand, whether that be high performance computing, autos, 5G, and IOT.
	...

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