What's Going On With Taiwan Semi Stock On Monday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is expected to report a 30% rise in second-quarter profit, driven by high demand for AI. The company has seen its market value surpass a trillion dollars. TSMC's revenue for the quarter was $20.7 billion, exceeding analyst expectations. The company maintains its capital spending guidance and may increase it, potentially boosting its stock price.
July 15, 2024 | 10:31 am
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POSITIVE IMPACT
Apple Inc. (NASDAQ:AAPL), a client of Taiwan Semiconductor, may benefit indirectly from TSMC's strong performance and increased production capacity, which could support Apple's supply chain.
As a major client of TSMC, Apple's supply chain could benefit from TSMC's strong performance and potential increase in production capacity, indirectly supporting Apple's operations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Nvidia Corp. (NASDAQ:NVDA), another client of Taiwan Semiconductor, may see positive effects from TSMC's strong performance and increased production capacity, which could enhance Nvidia's supply chain.
Nvidia, as a client of TSMC, could benefit from TSMC's strong performance and potential increase in production capacity, which would support Nvidia's supply chain and operations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is expected to report a 30% rise in second-quarter profit, driven by high demand for AI. The company has seen its market value surpass a trillion dollars. TSMC's revenue for the quarter was $20.7 billion, exceeding analyst expectations. The company maintains its capital spending guidance and may increase it, potentially boosting its stock price.
The expected rise in profit and revenue exceeding expectations are positive indicators for TSMC's stock price. The company's market value surpassing a trillion dollars and potential increase in capital spending further support a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100