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TAIWAN SEMICONDUCTOR MANUFACTURINGTAIWAN SEMICONDUCTOR MANUFACTURINGTAIWAN SEMICONDUCTOR MANUFACTURING

TAIWAN SEMICONDUCTOR MANUFACTURING

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TSM/N trade ideas

TSMC Surges 3% in Premarket Trading on Strong AI Chip Demand Taiwan Semiconductor Manufacturing Co. ( BCBA:TSMC ), the world’s largest contract chipmaker, saw its shares rise by 3% in premarket trading on Friday following a remarkable surge in monthly sales. TSMC's July revenue soared by 45%, reflecting the robust demand for artificial intelligence (AI) chips, particularly from tech giants like Nvidia and Advanced Micro Devices (AMD). This strong performance is bolstering confidence in the company's ability to exceed market expectations for the third quarter. Impressive July Sales Highlight AI Boom TSMC's sales reached NT$256.95 billion ($7.9 billion) in July, a significant increase that accelerates the company's growth from the previous quarter. This surge in revenue suggests that TSMC is well on track to surpass analysts' projections of NT$747.4 billion for the third quarter. The company's role as a key supplier to industry leaders such as Nvidia, Apple, and AMD positions it as a critical player in the ongoing AI boom, which has driven unprecedented demand for high-performance computing chips. Last quarter, high-performance computing, spearheaded by AI, accounted for 52% of TSMC's revenue, marking the first time this segment has contributed more than half of the company’s earnings. This trend underscores the increasing reliance on AI-driven technologies across various industries and highlights TSMC's pivotal role in meeting this demand. Positive Outlook Amid Market Uncertainty TSMC’s strong July performance comes on the heels of the company raising its full-year growth outlook to beyond the maximum mid-20% range it had previously guided. CEO C.C. Wei’s optimistic assessment of the company’s prospects, coupled with the potential for price increases as customers transition to TSMC’s most advanced technology, has further fueled investor confidence. Despite concerns about the global economic outlook and recent market volatility, BCBA:TSMC remains a bellwether for the AI market. The company’s 44.7% year-over-year sales surge in July, the second-highest in the past 20 months, aligns with expectations for a robust third quarter. The significant orders for 3-nanometer chips from tech giants like Apple, Qualcomm, and MediaTek further reinforce TSMC's strong market position and growth potential. Investor Sentiment and Market Recovery The AI rally that had propelled BCBA:TSMC and other key players to substantial market gains faced a brief interruption last week due to concerns about the global economy. TSMC’s shares experienced a sharp 10% drop in a single day as investors opted to cash out some of the year’s biggest gainers. However, the company quickly recovered much of that loss as savvy investors recognized the dip as a prime buying opportunity, underscoring the market's underlying confidence in TSMC's long-term prospects. Conclusion: TSMC's Future Looks Bright With its impressive July sales figures and strong positioning in the AI chip market, BCBA:TSMC is poised to continue its upward trajectory. As the demand for AI and high-performance computing chips shows no signs of slowing down, TSMC’s ability to capitalize on this trend places it at the forefront of technological innovation and market leadership. The company’s robust sales growth, coupled with its strategic partnerships with tech giants, suggests that TSMC is well-positioned to not only meet but exceed market expectations in the coming quarters.
NYSE:TSMLong
by DEXWireNews
7/30/24 - $tsm - Adding here mid $150s7/30/24 :: VROCKSTAR :: NYSE:TSM Adding here mid $150s - growing mid 20s CAGR, PE sub 20x - no competitors for their designs - backlog as high as the eye can see - "china china china" is FUD /politicians own it for a reason - 20% off from the top - going higher - do we go 15% lower before we go higher? ask uncle Jerome. i don't know. I like NASDAQ:NVDA > NYSE:TSM > NASDAQ:ASML today in that order. I'd forget the rest. There are mega/large caps with massive moats. Save some ammo if we're going lower before higher, obviously. But I like the idea of using some of my dry powder to buy these (as you guys know I've sold down some of my OTC:GDLC after the recent pop - still more to go but cautious in the short term - I'm down to 35% from nearly 60% two wks ago for perspective). Be safe. stay solvent. ofc comment if you see it differently or what your moves are here. V
NYSE:TSMLong
by VROCKSTAR
TSM bounces Fib 0.61 looking for fill gap aboveNYSE:TSM extreme price action shocks the AI sector recently and has made good price correction. We are still in bullish market and personally i think we will see big leg of upward price trend to check all times in coming months from this area. Todays pull back forms very attractive candle form and likely price pushes upward lil more and may consolidate. About the TSM 1H and 4H charts show bullish divergence as well as long shadow doji candle forms. Previous high of $160 could be the strong support that will bounce if price slides as well as where fib 0.5 is. Targets are $168 tp fill the gap and as I mentioned above ultimate target should close to all time highs. Comments and thoughts will be appreciated! Thank you and good luck!
NYSE:TSMLong
by MoneyJumper
Taiwan Semiconductor - Unknown stock with trading potentialNYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars. Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future. Levels to watch: $130, $100 Keep your long term vision, Philip - BasicTrading
NYSE:TSMLong
by basictradingtv
6
TSM: Rising Channel (Short Term)Key Points: NYSE:TSM 1. A raising channel shows a clearly defined uptrend. It is generally considered a bullish continuation pattern. 2. A breakout above an ascending channel can signal a continuation of the move higher. 3. A breakdown below an ascending channel can indicate a possible trend change. Support/ Resistance 158 - may act as a resistance. 149 - may act as a support Notice : looking for a job ------------------------ Is Your company hiring an assistant day & swing Trader/ assistant technical analyst/ assistant equity analyst? I am a day & swing trader, freelancer technical analyst & equity analyst. Now, I am looking for a job . Skills: Chart analysis, Trend identification, Price pattern recognition, important support and resistance levels identification, Set up trade idea ( long /short), Set up entry and target price. Valuation, making analysis report etc... Experience: 5 years.
NYSE:TSM
by Abirstock