What's Going On With Taiwan Semiconductor Stock On Wednesday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has approved $29.62 billion in capital appropriations for enhancing chip manufacturing and expanding packaging technology. The company is also exploring panel-level fan-out technology and plans to invest $28-$32 billion this year in new facilities. TSM's board approved a $7.5 billion capital injection into its Arizona operations. The company has seen significant growth due to the AI wave, with a 45% revenue increase in July and expected Q3 revenue growth of 37%. Morgan Stanley named TSM a 'top pick.'
August 14, 2024 | 1:28 pm
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POSITIVE IMPACT
Apple Inc (AAPL) is a key customer of Taiwan Semiconductor Manufacturing Co (TSM), which has approved $29.62 billion in capital appropriations for enhancing chip manufacturing and expanding packaging technology. TSM's growth and investments could positively impact AAPL's supply chain and product development.
As a key customer of TSM, Apple stands to benefit from TSM's significant investments in manufacturing and technology, which could enhance AAPL's supply chain and product development.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Taiwan Semiconductor Manufacturing Co (TSM) through SPDR MSCI ACWI ex-US ETF (CWI). TSM's significant investments and growth could positively impact CWI's performance.
CWI holds TSM, and TSM's significant investments and growth could positively impact the ETF's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Nvidia Corp (NVDA) is a key customer of Taiwan Semiconductor Manufacturing Co (TSM), which has approved $29.62 billion in capital appropriations for enhancing chip manufacturing and expanding packaging technology. TSM's growth and investments could positively impact NVDA's supply chain and product development.
As a key customer of TSM, Nvidia stands to benefit from TSM's significant investments in manufacturing and technology, which could enhance NVDA's supply chain and product development.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co (TSM) has approved $29.62 billion in capital appropriations for enhancing chip manufacturing and expanding packaging technology. The company is also exploring panel-level fan-out technology and plans to invest $28-$32 billion this year in new facilities. TSM's board approved a $7.5 billion capital injection into its Arizona operations. The company has seen significant growth due to the AI wave, with a 45% revenue increase in July and expected Q3 revenue growth of 37%. Morgan Stanley named TSM a 'top pick.'
The significant capital appropriations and investments in new facilities and technologies indicate strong growth potential for TSM. The company's substantial revenue growth and positive analyst ratings further support a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Taiwan Semiconductor Manufacturing Co (TSM) through SPDR NYSE Technology ETF (XNTK). TSM's significant investments and growth could positively impact XNTK's performance.
XNTK holds TSM, and TSM's significant investments and growth could positively impact the ETF's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30