Some companies that stockpiled chips are reaping the benefits now. Toyota said on Wednesday that it doesn’t expect to reduce its rate of production because it had stockpiled four months worth of chips to ride out the shortage. Toyota raised its full-year earnings forecast by 54%.
The Idea is to go long
The Idea is to go long
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.