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Taiwan Semiconductor Manufacturing Company Ltd. ($TSM) Stock Forecast: Up 5.1% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is Taiwan Semiconductor Manufacturing Company Ltd.?

Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) is a leading global semiconductor foundry that manufactures chips for various technology companies, including Apple. The overall market for semiconductors has been bullish, driven by increasing demand for electronic devices and advancements in technology.

Why is Taiwan Semiconductor Manufacturing Company Ltd. going up?

TSM stock is up 5.1% on Jun 18, 2024 14:23

  • TSMC experienced a strong bullish movement today, attributed to several factors:
  • Unusual options activity showing a bearish stance may have triggered a short squeeze, leading to a surge in the stock price.
  • Morgan Stanley lifting TSMC's price target due to semiconductor demand upside from Apple's AI projects added to the positive sentiment.
  • Analyst upgrades and price target increases, such as Susquehanna Financial raising the target from $180 to $200, further fueled investor optimism.
  • Cathie Wood-led Ark Invest's significant purchase of TSMC shares, amidst the ongoing AI frenzy, also contributed to the stock's upward momentum.

TSM Price Chart

TSM News

Taiwan Semiconductor Unusual Options Activity - Taiwan Semiconductor ( NYSE:TSM )

Investors with a lot of money to spend have taken a bearish stance on Taiwan Semiconductor TSM. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/06/39380391/taiwan-semiconductor-unusual-options-activity

News Article Image Taiwan Semiconductor Unusual Options Activity - Taiwan Semiconductor  ( NYSE:TSM )

Morgan Stanley lifts TSMC price target on semiconductor demand upside from Apple AI

https://www.investing.com/news/stock-market-news/morgan-stanley-lifts-tsmc-price-target-on-semiconductor-demand-upside-from-apple-ai-432SI-3488341

https://www.investing.com/news/stock-market-news/morgan-stanley-lifts-tsmc-price-target-on-semiconductor-demand-upside-from-apple-ai-432SI-3488341

News Article Image Morgan Stanley lifts TSMC price target on semiconductor demand upside from Apple AI

TSMC: Kurszielerhhung

Bala Cynwyd (www.aktiencheck.de) - Rating-Update: Mehdi Hosseini, Analyst von Susquehanna Financial, stuft die Aktie von Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) (ISIN: US8740391003, WKN: 909800, Ticker-Symbol: TSFA, NYSE-Symbol: TSM) weiterhin mit "positive" ein und erhht das Kursziel von 180 auf 200 USD. [ mehr ]

https://www.aktiencheck.de/exklusiv/Artikel-TSMC_Kurszielerhoehung-17091256

News Article Image TSMC: Kurszielerhhung

AAPL Picking: 3 Stocks to Buy Because of Their Apple Partnerships

Apple (NASDAQ:AAPL) has been one of the most remarkable investment success stories in the tech world over the past couple of decades. Yet, despite its behemoth status, Apple’s success is heavily reliant on a network of partners and suppliers. In fact, numerous external companies play crucial roles in powering Apple’s ecosystem. And, they inherently reap the benefits of Apple’s success through their collaboration. More specifically, Apple conducts the majority of its research and development and in-house production. Also, it depends on third-party suppliers for necessary parts, cutting-edge technologies and other critical services. I can’t stress enough that these partnerships are indispensable. Without them, it’s safe to say that Apple’s flagship products, such as iPhones, iPads, MacBooks and Apple Watches, wouldn’t have achieved their remarkable success. Accordingly, as Apple keeps innovating and expanding its product lines, its partners are increasingly poised to grow in tandem. Let’s explore how Apple’s key partners are also set to reap substantial benefits.

https://investorplace.com/2024/06/aapl-picking-3-stocks-to-buy-because-of-their-apple-partnerships/

News Article Image AAPL Picking: 3 Stocks to Buy Because of Their Apple Partnerships

Cathie Wood-Led Ark Picks Up $5.3M Worth Of TSMC Shares— Also Picks Up Palantir, Amazon Stock Amid Ongoing AI Frenzy

On Monday, Cathie Wood -led Ark Invest made some significant trades, with Palantir Technologies Inc. (NYSE: PLTR ) , Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM ) , and Amazon.com Inc. (NASDAQ: AMZN ) emerging as the most prominent ones. These trades were made amid the ongoing AI frenzy that has enveloped Wall Street. The TSMC Trade: The ARK Next Generation Internet ETF (NYSE: ARKW ) fund bought 30094 shares of Taiwan Semiconductor Manufacturing Company. The transaction was valued at $5.33 million. TSMC stock closed 2.7% higher at $177.24 in Monday’s regular session. This trade comes as Susquehanna maintained a Positive rating on the stock and raised its price target from $180 to $200. According to a report from the Commercial Times of Taiwan, TSMC plans to increase the price of its 3nm wafers by more than 5% and the price for advanced packaging next year … Full story available on Benzinga.com

https://www.benzinga.com/markets/equities/24/06/39370567/cathie-wood-led-ark-picks-up-5-3m-worth-of-tsmc-shares-also-picks-up-palantir-amazon-stock-amid-

News Article Image Cathie Wood-Led Ark Picks Up $5.3M Worth Of TSMC Shares— Also Picks Up Palantir, Amazon Stock Amid Ongoing AI Frenzy

Taiwan Semiconductor Manufacturing Company Ltd. Price History

18.05.2024 - TSM Stock was up 5.1%

  • TSMC experienced a strong bullish movement today, attributed to several factors:
  • Unusual options activity showing a bearish stance may have triggered a short squeeze, leading to a surge in the stock price.
  • Morgan Stanley lifting TSMC's price target due to semiconductor demand upside from Apple's AI projects added to the positive sentiment.
  • Analyst upgrades and price target increases, such as Susquehanna Financial raising the target from $180 to $200, further fueled investor optimism.
  • Cathie Wood-led Ark Invest's significant purchase of TSMC shares, amidst the ongoing AI frenzy, also contributed to the stock's upward momentum.

18.05.2024 - TSM Stock was up 5.0%

  • TSM stock surged 2.7% higher after a notable investment firm purchased $5.3 million worth of TSMC shares, amidst the ongoing AI frenzy on Wall Street. This vote of confidence from an influential investor likely boosted investor sentiment.
  • A positive rating on TSM and the raised price target from an analyst firm further added to the bullish momentum, indicating strong growth potential for the company.
  • Plans of TSMC to increase prices for its advanced technologies next year could have contributed to the positive market movement, reflecting potential revenue growth and profitability.
  • The overall bullish sentiment towards semiconductor stocks, driven by advancements in AI technology and increasing demand for chips, might have also fueled the upward trajectory of TSM's stock price today.

12.05.2024 - TSM Stock was up 5.7%

  • The bullish movement in TSM stock today can be attributed to several factors:
  • The increasing demand for artificial intelligence chips has fueled optimism around Taiwan Semiconductor's growth prospects.
  • Potential restrictions on China's access to chip-making services from TSMC and Samsung could position TSM as a key player in the semiconductor industry, leading to positive market sentiment.
  • TSM's European subsidiary planning to hire 2,000 employees in its semiconductor push indicates the company's commitment to expanding its operations and strengthening its position in the market.
  • Overall, with the growing importance of semiconductor technology in various sectors and TSM's strategic initiatives, investors are showing confidence in the company's future performance, driving the bullish movement in its stock.

12.05.2024 - TSM Stock was up 6.2%

  • TSM stock experienced a bullish movement likely due to the following reasons:
  • The reported US restrictions on China's access to chip making services from TSMC could potentially boost TSM's market position as it limits competition.
  • TSM's European subsidiary's plan to hire 2,000 employees indicates a strategic expansion in semiconductor manufacturing, signaling growth prospects.
  • Outperforming China's top chipmaker, SMIC, showcases TSM's competitive edge and market dominance, attracting investor interest.
  • The overall positive sentiment in the semiconductor industry, especially with the focus on AI stocks post-Nvidia stock split, could have contributed to TSM's bullish momentum.

05.05.2024 - TSM Stock was up 7.5%

  • TSM stock saw a bullish movement today, potentially driven by plans of Taiwan Semiconductor Manufacturing Co to increase the prices of its chip production services.
  • The return of enthusiasm in meme stocks and heavily shorted companies, led by traders like Roaring Kitty, may have contributed to the positive sentiment in the market.
  • Reports of Chinese AI chip makers adjusting their designs to secure production at TSMC following US chip export controls could have also impacted TSM positively, highlighting its significance in the semiconductor industry.
  • The general positive momentum in the semiconductor sector, with companies like Qualcomm rising in sympathy with Nvidia amid continued AI momentum, could have further boosted TSM's stock performance today.

05.05.2024 - TSM Stock was up 6.5%

  • TSM stock surged today due to positive news surrounding its collaboration with ASML, indicating that TSM is likely to receive a chipmaking machine this year. This development boosted investor confidence in the company's technological capabilities and future growth prospects.
  • The bullish momentum in TSM's stock could also be attributed to Nvidia's CEO, Jensen Huang, announcing increased investments in Taiwan and highlighting the strong partnership between Nvidia and TSM. This news further solidified TSM's position in the semiconductor industry.
  • The mention of TSM alongside other tech companies like Qualcomm and ASML, all experiencing positive movements, created a ripple effect of optimism in the semiconductor sector, contributing to TSM's bullish performance today.

05.05.2024 - TSM Stock was up 7.1%

  • TSM stock surged as a major tech company announced plans to increase investments in Taiwan and praised TSMC for its technology and collaboration.
  • Another company's stock also saw gains after reports of delivering chipmaking machines to TSMC and another electronics company in 2024.
  • TSM's partnership with major companies, along with positive news about future collaborations, likely fueled investor optimism and contributed to the bullish market movement.
  • The rejection of a tech CEO's chip plans by TSMC CEO may have also indirectly highlighted TSM's selective and strategic approach to partnerships, further boosting investor confidence in the company's long-term prospects.

05.05.2024 - TSM Stock was up 6.6%

  • TSM stock saw a positive upturn following reports of ASML's intentions to provide cutting-edge chipmaking equipment to TSM and other key clients like Samsung Electronics Co.
  • The recent announcement of significant investments and a share repurchase program by TSMC likely contributed to the bullish market momentum.
  • Comments made by TSMC's CEO regarding OpenAI CEO's ambitious chip plans, deeming them unsuitable for TSMC, may have highlighted TSM's strong market position, bolstering investor confidence.
  • The general positive market sentiment, characterized by rising futures and the S&P approaching record highs, may have further reinforced the upward trend of TSM stock.

05.05.2024 - TSM Stock was up 5.6%

  • Significant investments and a share buyback from TSMC likely boosted investor confidence in the company's growth prospects, leading to a bullish movement in the stock.
  • Geopolitical tensions and export controls on advanced processors have emphasized TSM's strategic importance in the semiconductor supply chain, potentially driving up demand for its products.
  • Intel's challenges and underperformance in the chip market have potentially benefited TSM as investors look towards stronger players in the industry.
  • The overall positive market sentiment, with futures pointing towards new all-time highs and tech stocks performing well, likely provided a favorable environment for TSM's stock to rally.

10.04.2024 - TSM Stock was up 5.1%

  • TSM stock had a strong bullish movement following the company's positive April sales, indicating a robust demand for AI chips.
  • The announcement of a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize Novavax's Covid vaccine also contributed to the bullish trend in TSM stock.
  • The market reacted positively to the news of rising sales and technological advancements in the semiconductor industry, driving investor confidence in TSM's future growth prospects.
  • The combination of increased demand for AI chips and strategic partnerships in the healthcare sector fueled investor optimism and propelled TSM stock higher.

10.04.2024 - TSM Stock was up 5.3%

  • TSM experienced a strong bullish movement due to a 60% surge in April sales to NT$236 billion, driven by high demand for AI chips.
  • The increase in revenue growth in March and projections for a further boost this quarter indicate a positive outlook for TSM's financial performance.
  • The recovery in consumer electronics and the growth in the global smartphone market, especially in China, have contributed to the increased orders for TSM's core mobile chips.
  • Speculations about TSMC's stock potentially reaching $200 reflect the market's optimism towards the company's future growth prospects.

10.04.2024 - TSM Stock was up 5.3%

  • TSMC reported a 60% surge in April sales, driven by ongoing demand for artificial intelligence and signs of recovery in consumer electronics, projecting a further increase in sales this quarter.
  • The global smartphone market's growth, particularly in China, has potentially led to increased orders for TSMC's core mobile chips, contributing to the bullish market movement.
  • Semiconductor stocks, including TSM, have been thriving in the tech boom, with the increasing demand for advanced semiconductor chips in the age of artificial intelligence and cloud computing propelling their success.
  • Despite interest rate concerns, U.S. equities, including semiconductor stocks, have been rallying, presenting an opportunity for investors to capitalize on the market momentum.

19.03.2024 - TSM Stock was down 5.1%

  • TSM stock showed a downward trend in the market today.
  • Concerns may have arisen over potential competition and market position for TSM following the collaboration between SK Hynix and TSMC in developing HBM4 memory technology.
  • Investor sentiment towards TSM may have been impacted negatively by the decision to adjust pricing for chips made outside Taiwan, attributed to global expansion strategies and increasing production costs.
  • The cautious perspectives shared by ASML and TSMC concerning the chip sector could have been a factor contributing to today's overall bearish performance of TSM stock.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.