Why Key Apple, Nvidia Supplier TSMC's Shares Are Plunging In Wednesday's Premarket
Portfolio Pulse from Shanthi Rexaline
Shares of Taiwan Semiconductor Manufacturing Company Limited (TSMC) fell sharply in premarket trading due to comments by Donald Trump regarding the China-Taiwan standoff and a lukewarm forecast by ASML Holding N.V. TSMC supplies chips to major tech companies like Nvidia, Apple, and AMD.
July 17, 2024 | 12:07 pm
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NEUTRAL IMPACT
Apple, a key client of TSMC, might see indirect effects from TSMC's share price drop and geopolitical tensions due to Trump's comments.
Apple could experience supply chain uncertainties due to TSMC's share price drop and geopolitical tensions, although it is not directly affected.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
AMD, another major client of TSMC, may face indirect effects from TSMC's share price drop and geopolitical tensions highlighted by Trump's comments.
AMD could face supply chain uncertainties due to TSMC's share price drop and geopolitical tensions, although it is not directly affected.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
ASML's lukewarm forecast contributed to the negative sentiment towards TSMC, impacting its share price.
ASML's forecast has indirectly affected TSMC's share price by contributing to the overall negative sentiment in the semiconductor sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Nvidia, a major client of TSMC, may experience indirect effects due to TSMC's share price drop and the geopolitical tensions highlighted by Trump's comments.
While Nvidia is not directly affected, the drop in TSMC's shares and geopolitical tensions could create uncertainty for Nvidia's supply chain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
TSMC shares fell sharply in premarket trading due to Trump's comments on the China-Taiwan standoff and a lukewarm forecast by ASML.
Trump's comments on the China-Taiwan standoff and ASML's forecast have negatively impacted investor sentiment towards TSMC, leading to a significant drop in its share price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100