Cory Johnson says the "most important participant" in the AI trade signaling that we're just in the starting stages is bullish for many aspects of tech. TSMC posted strong earnings and record net profit alongside gross margins Cory calls "incredible." When it comes to foundry competition, he notes Intel (INTC) serves as a competitor as long as it continues to shape up its turnaround story. Cory later talks about how TMSC's goals of lessening power demand is also bullish for the AI industry.