What's Going On With Taiwan Semiconductor Stock Tuesday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock is trading higher due to strong AI demand. ASML Holding (NASDAQ:ASML) expects significant orders from TSM, boosting its Q2 order value. Super Micro Computer Inc (NASDAQ:SMCI) CEO is optimistic about AI growth. TSM is projected to report a 30% increase in Q2 profits. Investors can gain exposure through Vanguard FTSE Emerging Markets ETF (NYSE:VWO) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV).
July 16, 2024 | 1:10 pm
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POSITIVE IMPACT
ASML Holding (ASML) anticipates nearly €5 billion in orders in Q2, driven by Taiwan Semiconductor’s demand for AI chip production tools.
ASML's significant order volume from TSM is likely to boost its Q2 performance, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Super Micro Computer Inc (SMCI) CEO expressed optimism about the company's growth trajectory in the AI sector.
The CEO's positive outlook on AI growth could drive investor interest and positively impact SMCI's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Investors can gain exposure to Taiwan Semiconductor through First Trust NASDAQ Technology Dividend Index Fund (TDIV).
As TSM's stock rises, TDIV, which includes TSM, is likely to benefit, making it an attractive option for investors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co (TSM) stock is trading higher due to strong AI demand, with a projected 30% increase in Q2 profits.
The strong AI demand is driving TSM's stock higher, with significant profit and revenue growth expected in Q2.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Taiwan Semiconductor through Vanguard FTSE Emerging Markets ETF (VWO).
As TSM's stock rises, VWO, which includes TSM, is likely to benefit, making it an attractive option for investors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50