What's Going On With Taiwan Semiconductor Manufacturing Stock Tuesday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Company Ltd (TSM) shares are trading lower amid reports of a likely 27% decline in Q2 net profit due to global economic woes affecting semiconductor demand. However, analysts predict an improvement in the current quarter. TSMC, a primary supplier for Apple Inc (AAPL) and Nvidia Corp (NVDA), is expected to report a net profit of $5.58 billion for the April-June period. In May, Berkshire Hathaway Inc (BRK-A, BRK-B) reduced its stake in TSMC due to concerns over US-China tensions.
July 18, 2023 | 12:30 pm
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NEGATIVE IMPACT
Apple, as a primary customer of TSMC, may face supply chain issues.
As a primary customer of TSMC, Apple may face potential supply chain issues due to TSMC's expected profit decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Berkshire Hathaway has reduced its stake in TSMC due to US-China tensions.
Berkshire Hathaway's decision to reduce its stake in TSMC due to US-China tensions may negatively impact the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Berkshire Hathaway has reduced its stake in TSMC due to US-China tensions.
Berkshire Hathaway's decision to reduce its stake in TSMC due to US-China tensions may negatively impact the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Nvidia, as a primary customer of TSMC, may face supply chain issues.
As a primary customer of TSMC, Nvidia may face potential supply chain issues due to TSMC's expected profit decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
TSMC's stock is trading lower due to expected decline in Q2 net profit.
The expected decline in Q2 net profit is causing a negative impact on TSMC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100