Taiwan Semiconductor Manufacturing Company Ltd. ($TSM) Stock Forecast: Up 8.3% Today

What is Taiwan Semiconductor Manufacturing Company Ltd.?

TSM (Taiwan Semiconductor Manufacturing Company Ltd.) is the world's largest producer of advanced chips, renowned for its strong technological capabilities and leadership in AI and chip technologies. The stock experienced a bullish movement today, with a notable 8% surge in premarket trading.

Why is Taiwan Semiconductor Manufacturing Company Ltd. going up?

TSM stock is up 8.3% on Oct 17, 2024 13:41

• TSM's stock witnessed a surge today as it approaches a milestone $1 trillion valuation, driven by positive market sentiment and robust investor confidence in the company's future prospects.
• The third-quarter profit saw a 54% increase, surpassing expectations and highlighting TSM's prowess in leveraging the AI boom and rising AI investments.
• Benefiting from high demand for its advanced technologies from key AI industry players such as NVDA, AMD, AAPL, AVGO, and INTC, TSM is well-poised for sustained growth and success in the semiconductor sector.
• Investors hold an optimistic outlook on TSM's forthcoming Q3 earnings, considering the stock a compelling asset for their portfolios owing to the company's technological expertise and potential for further profit growth.

TSM Price Chart

TSM Technical Analysis

TSM News

TSMC On Cusp Of Topping $1 Trillion Valuation As Stock Jumps 8% In Premarket: What's Going On - Taiwan Semiconductor ( NYSE:TSM )

Shares of foundry Taiwan Semiconductor Manufacturing Company Ltd. TSM rose in premarket trading on Thursday, positioning the company on track to cross the $1 trillion market capitalization threshold.

https://www.benzinga.com/markets/equities/24/10/41377745/tsmc-on-cusp-of-topping-1-trillion-valuation-as-stock-jumps-8-in-premarket-whats-going-on

TSMC third-quarter profit beats expectations as AI boom drives 54% hike

TSMC, the world's largest producer of advanced chips, posted a 54% hike in third-quarter profit.

https://www.cnbc.com/2024/10/17/tsmc-q3-earnings-profit-beats-expectations-as-ai-boom-drives-54percent-hike-.html

Increasing AI Investments to Boost Taiwan Semiconductor's Q3 Earnings

With its advanced technologies and chip manufacturing capabilities, TSM is well-positioned for strong Q3 earnings growth amid rising investments in AI.

https://www.zacks.com/stock/news/2351613/increasing-ai-investments-to-boost-taiwan-semiconductors-q3-earnings

Should TSM Stock Be Part of Your Portfolio Ahead of Q3 Earnings?

Taiwan Semiconductor's leadership in AI and chip technologies makes it a solid buy ahead of its Q3 earnings report.

https://www.zacks.com/stock/news/2350704/should-tsm-stock-be-part-of-your-portfolio-ahead-of-q3-earnings

Taiwan Semiconductor is a Must-Buy Ahead of Earnings Results This Week

Taiwan Semiconductor (TSM) is experiencing solid demand for its advanced technologies from giant AI names like NVDA, AMD, AAPL, AVGO, INTC.

https://www.zacks.com/stock/news/2350454/taiwan-semiconductor-is-a-must-buy-ahead-of-earnings-results-this-week

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Taiwan Semiconductor Manufacturing Company Ltd. Price History

17.09.2024 - TSM Stock was up 8.3%

• TSM's stock witnessed a surge today as it approaches a milestone $1 trillion valuation, driven by positive market sentiment and robust investor confidence in the company's future prospects.
• The third-quarter profit saw a 54% increase, surpassing expectations and highlighting TSM's prowess in leveraging the AI boom and rising AI investments.
• Benefiting from high demand for its advanced technologies from key AI industry players such as NVDA, AMD, AAPL, AVGO, and INTC, TSM is well-poised for sustained growth and success in the semiconductor sector.
• Investors hold an optimistic outlook on TSM's forthcoming Q3 earnings, considering the stock a compelling asset for their portfolios owing to the company's technological expertise and potential for further profit growth.

19.08.2024 - TSM Stock was up 5.2%

• TSM experienced a strong bullish movement today, likely driven by the promotion of Rose Castanares as president of the Arizona unit, showcasing the company's commitment to leadership development and continuity.
• The bullish trend in semiconductor stocks linked to artificial intelligence, including Nvidia, AMD, and Broadcom, also contributed to TSM's positive momentum, reflecting the overall sector's strength.
• Additionally, TSM's role in fueling Japan's land boom with new chip plants highlights the company's significant impact on the global economy, further boosting investor confidence.
• The bullish sentiment from deep-pocketed investors betting on TSM indicates a strong market outlook for the company, reinforcing its position as a key player in the semiconductor industry.

12.08.2024 - TSM Stock was up 5.2%

• Google's decision to choose Taiwan Semiconductor over Samsung for Pixel chips by 2025 likely boosted investor confidence in TSM's future prospects, leading to the bullish movement.
• Taiwan Semiconductor's robust August sales, driven by strong demand for AI and iPhones, hint at potential growth ahead, further fueling optimism among investors.
• Reports indicating that TSM's production yield at the Arizona facility is comparable to its Taiwan facilities likely reassured investors about the company's operational efficiency and competitiveness.
• The news of Intel considering a stake sale in Mobileye, leading to a slide in Intel's stock, may have indirectly benefited TSM as investors potentially shifted focus towards TSM's positive developments in the semiconductor industry.

27.08.2024 - TSM Stock was down 5.1%

• Despite positive collaborations and partnerships, TSM's stock faced a bearish trend.
• The news of Taiwan Semiconductor securing a significant financial boost for its expansion may have raised concerns about increased expenses impacting short-term profitability.
• The overall positive momentum in the chip sector suggests that TSM's downturn may be more company-specific rather than industry-wide.
• Investor sentiment, as highlighted by finding TSM "cheap," could indicate a potential buying opportunity amidst the bearish movement.

15.09.2024 - TSM Stock was down 3.5%

• Despite the positive outlook and high expectations ahead of its Q3 earnings report, TSM's stock took a hit today.
• The unusual options activity showing a bullish stance on TSM might indicate conflicting sentiments among investors, leading to increased volatility in the stock.
• The market may have reacted negatively to TSM's failure to meet the lofty revenue expectations of $23B in Q3, causing a sell-off in the stock.
• It's possible that profit-taking by investors who had high hopes for TSM's earnings report contributed to the bearish movement in the stock today.

06.07.2024 - TSM Stock was up 5.4%

• TSM experienced a strong bullish movement due to the following reasons:
• Production issues faced by Nvidia, TSM's key partner, with the next generation of AI chips could lead to increased demand for TSM's services.
• Intel's poor quarterly results and weak guidance have negatively impacted the chip sector, but TSM seems to be in a better position compared to its competitors.
• Analysts view TSM as a buying opportunity, indicating positive sentiment towards the stock.
• TSM's importance in the AI realm further solidifies its position as a strong investment choice, attracting investors looking for exposure to this growing sector.

05.07.2024 - TSM Stock was up 7.4%

• TSM stock experienced a downward trend in the recent trading session, reflecting the broader semiconductor industry's decline driven by economic concerns and speculation around interest rate adjustments by the Federal Reserve.
• Delays in Nvidia's new AI chip releases, which TSM manufactures, may have influenced TSM's stock performance negatively, particularly given its substantial orders from industry giants like Microsoft, Google, and Meta.
• The postponement of Nvidia's Blackwell GPUs until 2025 due to packaging challenges at TSMC likely contributed to uncertainties in the semiconductor sector, adding pressure on TSM stock prices.
• Despite these hurdles, TSM's ongoing initiatives such as the upcoming delivery of SEAL02 initial tape-out wafers by TSMC demonstrate progress in chip manufacturing, potentially bolstering investor confidence in the company's future prospects.

07.07.2024 - TSM Stock was up 9.1%

• TSM stock surged as investors see a huge opportunity in the company, dubbed as the crown jewel of semiconductors, with expectations of faster growth over the next five years.
• The bullish trend might have been further fueled by production issues faced by a leading partner of TSM, with delays in shipments of advanced AI chips, potentially benefiting TSMC's market position.
• In contrast, a competitor faced challenges with disappointing earnings, leading to a sharp decline in its stock price and dragging down the entire chip sector, including the aforementioned leading partner of TSM. This negative performance of the competitor might have indirectly contributed to the positive movement of TSM stock as investors seek more promising alternatives in the semiconductor industry.

06.07.2024 - TSM Stock was up 6.0%

• TSM's stock saw a notable uptrend supported by analysts endorsing it as an attractive purchase, in contrast to Intel's underperformance.
• The upturn in Taiwan stocks, including TSM, possibly reflects the market's resolve to maintain stability amid uncertainties regarding the US economy and tech industry.
• The decline in Japan's Nikkei 225 index along with US economic concerns may have indirectly influenced TSM's performance, prompting investors to explore opportunities in more resilient and promising companies within the semiconductor sector like TSM.

05.07.2024 - TSM Stock was up 5.1%

• TSM stock experienced a strong bullish movement today, likely driven by positive developments in its partnerships and production updates.
• The delay in Blackwell GPUs until 2025 by Nvidia, which was linked to packaging issues with TSMC, might have initially caused some concerns in the market.
• The overall bullish sentiment towards TSM could be attributed to Bitdeer's announcement of production updates and partnerships with TSMC for chip development.
• The market's reaction to TSM's performance also reflects a broader trend in the semiconductor industry, where investors are closely monitoring companies like TSM amidst a challenging market environment with concerns about global selloffs and AI chip delays.

09.07.2024 - TSM Stock was up 6.3%

• Experienced a significant 45% increase in revenue for July due to the high demand for AI chips, a key player in the AI industry's growth.
• Demonstrated a remarkable ability to capitalize on the surging market for advanced semiconductor technology, specifically in the AI sector.
• Outperformed Intel, signaling investor preference for firms with promising growth potential in the semiconductor field.
• Benefited from its strategic relationships with tech giants like Apple and Nvidia, reinforcing its market leadership and investor trust.

08.07.2024 - TSM Stock was up 5.0%

• TSM stock experienced a bullish movement today, possibly due to the positive news surrounding its presence in the United States and the $6.6 billion grant received from the CHIPS and Science Act, highlighting its commitment to advanced chipmaking.
• The surge in options activity showing a bearish stance on TSM may have initially caused some uncertainty, but the overall market sentiment seems to have been uplifted by the company's strategic investments and future growth potential.
• The anticipation of updates to Apple's Mac lineup with the M4 chip, which is manufactured by TSM, could have also contributed to the bullish movement as investors look forward to increased demand for TSM's semiconductor products.
• The overall positive outlook for the semiconductor industry, coupled with TSM's strong position in the market and potential for long-term growth, likely attracted investors seeking reliable stocks with growth and income potential, further boosting TSM's stock performance.