What's Going On With Nvidia Supplier Taiwan Semi Stock On Thursday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (TSMC) projects a 10% annual revenue growth in the global semiconductor industry, excluding memory chips. TSMC expects second-quarter sales to grow by up to 30% due to AI demand. The company plans to triple its 3 nm family capacity and grow its CoWoS capacity significantly. TSMC reported a 16.5% revenue growth in Q1, surpassing analyst expectations. TSMC stock gained 73% in the last 12 months.
May 23, 2024 | 11:29 am
News sentiment analysis
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NEGATIVE IMPACT
The Direxion Daily Semiconductor Bear 3x Shares ETF is likely to face negative impact due to the positive outlook and growth projections in the semiconductor industry, driven by companies like TSMC.
The positive outlook for TSMC and the semiconductor industry suggests a negative impact on the Direxion Daily Semiconductor Bear 3x Shares ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
Apple, a key customer of TSMC, is likely to benefit from TSMC's capacity expansions and advanced packaging technologies.
Apple's reliance on TSMC for semiconductor components suggests a positive impact on Apple's supply chain and product capabilities.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Microsoft, a major investor in AI infrastructure, is likely to benefit indirectly from TSMC's capacity expansions and advanced packaging technologies.
Microsoft's investment in AI infrastructure suggests it will benefit from advancements in semiconductor technologies provided by TSMC.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia, a key customer of TSMC, is expected to benefit from TSMC's capacity expansions and advanced packaging technologies. Nvidia has chosen TSMC's CoWoS-L for its Blackwell capacity ramp-up.
Nvidia's reliance on TSMC for advanced packaging technologies and capacity expansions suggests a positive impact on Nvidia's supply chain and product capabilities.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
The Direxion Daily Semiconductor Bull 3x Shares ETF is likely to benefit from the positive outlook and growth projections in the semiconductor industry, driven by companies like TSMC.
The positive outlook for TSMC and the semiconductor industry suggests a favorable impact on the Direxion Daily Semiconductor Bull 3x Shares ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
TSMC projects a 10% annual revenue growth in the global semiconductor industry, excluding memory chips. The company expects second-quarter sales to grow by up to 30% due to AI demand. TSMC plans to triple its 3 nm family capacity and grow its CoWoS capacity significantly. TSMC reported a 16.5% revenue growth in Q1, surpassing analyst expectations.
TSMC's positive revenue projections and significant capacity expansions indicate strong future performance. The company's Q1 revenue growth surpassing expectations further supports a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100