Taiwan Semi Triggers Retail Investor Rally - What's Going On?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has seen a surge in retail investor support in Taiwan, driven by financial interests and national security concerns. Despite foreign investors' withdrawal, retail ownership has increased significantly, reflecting the belief that TSMC's success is crucial for Taiwan's defense. TSMC's stock has surged 69% in the last 12 months, and investors can gain exposure through ETFs like iShares Semiconductor ETF (NASDAQ:SOXX) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV).
August 01, 2024 | 12:40 pm
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POSITIVE IMPACT
Apple Inc (NASDAQ:AAPL) relies on Taiwan Semiconductor for advanced semiconductors, which are essential for its products. The surge in TSMC's stock and its strategic importance could positively impact AAPL.
Apple's reliance on TSMC for advanced semiconductors means that TSMC's success and stock surge could have a positive impact on Apple's supply chain and stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Nvidia Corp (NASDAQ:NVDA) depends on Taiwan Semiconductor for advanced semiconductors. The positive sentiment around TSMC could benefit NVDA as well.
Nvidia's dependence on TSMC for advanced semiconductors means that TSMC's positive performance could have a beneficial impact on Nvidia's operations and stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
The iShares Semiconductor ETF (NASDAQ:SOXX) provides exposure to Taiwan Semiconductor. The surge in TSMC's stock could positively impact SOXX.
As an ETF that includes TSMC, the positive performance of TSMC's stock is likely to have a beneficial impact on SOXX.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
The First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) provides exposure to Taiwan Semiconductor. The surge in TSMC's stock could positively impact TDIV.
As an ETF that includes TSMC, the positive performance of TSMC's stock is likely to have a beneficial impact on TDIV.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has seen a significant increase in retail investor support in Taiwan, driven by financial interests and national security concerns. The stock has surged 69% in the last 12 months.
The increase in retail investor support and the stock's significant rise in the last 12 months indicate strong positive sentiment and potential for continued growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100