What's Going On With Taiwan Semiconductor Stock On Monday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock is trading lower on Monday due to capital outflows. Despite this, TSM has significantly contributed to Taiwan's stock market performance, with an 80% rally this year. The MSCI Taiwan Index has soared by nearly 28% year-to-date. TSM reported 45% revenue growth in July, and analysts expect third-quarter revenue to grow by 37% or more. Investors can gain exposure to TSM through iShares Semiconductor ETF (NASDAQ:SOXX) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV).
August 12, 2024 | 11:16 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Apple Inc (NASDAQ:AAPL) supplier Hon Hai, doing business as Foxconn, has seen its shares rise by 62% this year, benefiting from the broader AI-driven market enthusiasm.
Foxconn's performance indirectly benefits Apple as a key supplier, indicating positive sentiment in the tech sector driven by AI market enthusiasm.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Investors can gain exposure to Taiwan Semiconductor through iShares Semiconductor ETF (NASDAQ:SOXX), which may be impacted by TSM's stock performance.
SOXX is likely to be impacted by TSM's stock performance due to its significant exposure to the company. The current decline in TSM's stock may negatively affect SOXX in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) offers exposure to Taiwan Semiconductor, which may influence its performance.
TDIV's performance may be influenced by TSM's stock movements due to its exposure to the company. The current decline in TSM's stock could have a short-term negative impact on TDIV.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock is trading lower due to capital outflows, despite an 80% rally this year and 45% revenue growth in July.
The stock is trading lower due to capital outflows, which is a significant factor affecting its short-term price. However, the company's strong performance and revenue growth may mitigate the impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100