What's Going On With Taiwan Semiconductor Stock On Thursday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (TSM) reports that Super Typhoon Kong-rey is not expected to impact its operations. The company has activated typhoon alert procedures. TSM faces geopolitical challenges, including tensions between the U.S. and China, and has suspended chip shipments to firms linked to Huawei. Intel's comments on Taiwan's geopolitical risks have led TSM to retract discounts for Intel, affecting their partnership. TSM stock is up 92% year-to-date but has seen a recent decline.
October 31, 2024 | 12:45 pm
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NEUTRAL IMPACT
Nvidia, a key supplier of TSM, may be indirectly affected by TSM's geopolitical challenges and operational decisions.
While Nvidia is a key supplier of TSM, the direct impact of TSM's geopolitical challenges and operational decisions on Nvidia is limited in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Taiwan Semiconductor does not expect Super Typhoon Kong-rey to impact operations. The company faces geopolitical challenges and has retracted discounts for Intel, affecting their partnership.
TSM's operations are not expected to be affected by the typhoon, which is neutral for short-term stock movement. However, geopolitical tensions and the retraction of discounts for Intel could have mixed impacts, balancing out the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Intel's partnership with TSM is strained due to geopolitical comments, leading to the retraction of discounts for Intel's 3-nanometer chips.
Intel's comments on Taiwan's geopolitical risks have led to a retraction of discounts from TSM, potentially increasing costs and affecting profit margins, which is negative for Intel's short-term stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70