What's Going On With Taiwan Semi Stock On Monday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock fell on Monday amid a broader semiconductor industry selloff triggered by recession fears and disappointing jobs data. Nvidia Corp (NASDAQ:NVDA) also saw declines due to AI chip production issues. Despite recent losses, TSM has a positive long-term outlook with an average 1-year price target of $201.14.
August 05, 2024 | 4:03 pm
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Nvidia Corp (NASDAQ:NVDA) stock fell on Monday due to AI chip production issues and broader market selloff triggered by recession fears. Nvidia has been a key driver of market gains in 2024, but recent production issues have raised concerns.
Nvidia's stock decline is attributed to AI chip production issues and broader market selloff due to recession fears. The company's significant role in driving market gains in 2024 makes this news particularly impactful.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock fell by 2.09% on Monday amid a broader semiconductor industry selloff triggered by recession fears and disappointing jobs data. Despite recent losses, TSM has a positive long-term outlook with an average 1-year price target of $201.14.
The stock price of TSM fell due to a broader semiconductor selloff triggered by recession fears and disappointing jobs data. However, the long-term outlook remains positive with a significant upside potential based on analyst price targets.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100