What's Going On With Taiwan Semiconductor Sock On Thursday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (TSM) and other global semiconductor manufacturers are monitoring quartz supplies after Hurricane Helene halted production at key mines. TSM is considering discounts to boost capacity utilization amid competition. Semiconductor ETFs have seen a decline due to industry selloff.
October 03, 2024 | 12:55 pm
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NEGATIVE IMPACT
VanEck Semiconductor ETF has lost close to 5% in the last five days due to an industry selloff led by Nvidia, a key AI beneficiary.
The VanEck Semiconductor ETF is affected by the broader industry selloff, particularly influenced by Nvidia's performance. The ETF's decline reflects market sentiment towards the semiconductor sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
iShares Semiconductor ETF has also seen a decline of close to 5% in the last five days due to the semiconductor industry selloff.
Similar to SMH, the iShares Semiconductor ETF is experiencing a decline due to the overall negative sentiment in the semiconductor industry, driven by Nvidia's influence.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Taiwan Semiconductor Manufacturing Co is monitoring quartz supplies after a hurricane halted production at key mines. TSM is considering discounts to boost capacity utilization amid competition.
TSMC is directly affected by the quartz supply issue due to its importance in semiconductor manufacturing. The company's consideration of discounts to boost capacity utilization indicates a strategic response to maintain competitiveness. However, the immediate impact on stock price is neutral as the company maintains that the hurricane will not affect material supply.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90