What has Taiwan Semiconductor Stock Done Since Nvidia Earnings?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (TSM) stock has declined by 4% in the last 30 days amid volatility following Nvidia's earnings report. The semiconductor sector, represented by ETFs like SMH and SOXX, also saw declines. Despite geopolitical tensions and a sector selloff, TSM is focusing on AI accelerator growth and localizing neon gas production. TSM reported 33% topline growth in August 2024, driven by smartphone market recovery and Nvidia AI chip demand. Key wins include deals with Google and Apple.
September 18, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nvidia's strong earnings report with 122% topline growth failed to impress the market, leading to a 6% drop in after-hours trading and impacting semiconductor stocks like TSM.
Despite Nvidia's strong earnings, the market's reaction was negative, leading to a decline in semiconductor stocks, including TSM. This suggests a short-term negative sentiment towards NVDA.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
The VanEck Semiconductor ETF (SMH) lost ~7% in the last 30 days amid sector volatility following Nvidia's earnings and geopolitical tensions.
SMH's decline reflects the broader semiconductor sector's reaction to Nvidia's earnings and geopolitical tensions, indicating a short-term negative outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The iShares Semiconductor ETF (SOXX) lost ~7% in the last 30 days amid sector volatility following Nvidia's earnings and geopolitical tensions.
SOXX's decline mirrors the semiconductor sector's response to Nvidia's earnings and geopolitical issues, suggesting a short-term negative impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Taiwan Semiconductor (TSM) stock fell 4% in the last 30 days amid sector volatility post-Nvidia earnings. Despite geopolitical tensions, TSM focuses on AI growth and reports 33% topline growth in August 2024.
TSM's stock decline is linked to the broader semiconductor sector selloff following Nvidia's earnings. Despite positive growth projections and strategic moves, geopolitical tensions and market jitters over AI sustainability weigh on short-term sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100