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Taiwan Semiconductor Manufacturing Company Ltd.Taiwan Semiconductor Manufacturing Company Ltd.Taiwan Semiconductor Manufacturing Company Ltd.

Taiwan Semiconductor Manufacturing Company Ltd.

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TSM trade ideas

TSM: Entry, Volume, Target, StopEntry: above 175.45 Volume: above average Target: 197.89 area (this is an area, no guarantees, you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 175.46, 167.96 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:TSMLong
by tradepatiently
Taiwan Semiconductor's August Performance Hints at Bright FutureTaiwan Semiconductor Manufacturing Co. (NYSE: NYSE:TSM ), the world’s largest contract chipmaker, reported strong topline growth of 33% in August 2024, highlighting its resilience amid global economic uncertainties. The company's revenue reached NT$250.9 billion ($7.8 billion), reflecting the ongoing demand for advanced AI chips and a positive outlook for the smartphone market, particularly driven by the latest iPhone 16 and 16 Pro models. Driving Forces Behind TSM's Growth TSMC’s stellar performance can be attributed to several key factors, primarily its dominant position in high-performance computing and the increasing global demand for AI chips. The company now generates over 50% of its revenue from this segment, significantly boosted by orders from Nvidia Corp. (NASDAQ: NASDAQ:NVDA ), a leading player in AI chip development. As AI continues to permeate industries globally, TSMC's pivotal role as a supplier of high-performance chips places it at the forefront of this transformative wave. Moreover, the adoption of Wi-Fi 7 technology in Apple's new iPhone models is expected to drive increased demand for TSMC's N6 (7-nanometer) and N4 (5-nanometer) nodes, already used by industry giants such as Broadcom and MediaTek. Analysts expect TSMC’s revenue to grow by 37% in Q3 2024, supported by robust sales and continued investments in AI infrastructure. The company’s ongoing global expansion, including projects in Arizona, Japan, and a newly launched €10 billion facility in Germany, underscores its commitment to capitalizing on these growth opportunities. TSMC’s Arizona facility has achieved production yields on par with those of its Taiwan plants, further solidifying the company's capacity to meet global demand. This alignment in production efficiency is a promising sign for investors, demonstrating TSMC’s ability to scale its operations without compromising quality—a critical factor in maintaining its competitive edge. Technical Outlook From a technical perspective, TSMC’s stock shows promising signs of sustained upward momentum despite recent volatility. As of the latest analysis, TSM is down 0.60%, trading at $161.52 with a moderate Relative Strength Index (RSI) of 53, which indicates that the stock is neither overbought nor oversold. This balanced RSI level suggests a prime environment for potential growth, aligning well with the company's strong fundamentals. The daily price chart reveals a golden cross pattern, which occurred in February 2024, when TSM’s 50-day moving average crossed above its 200-day moving average. This bullish signal was validated as NYSE:TSM surged to a high of $198 by July 2024. Since then, the stock has been attempting to form a head and shoulders pattern, with a critical neckline support level at $133. A break below this support could trigger a bearish reversal, leading to further price declines. However, as long as TSM remains above this pivotal point, the long-term outlook remains constructive, supported by the broader market trends in AI and advanced semiconductor manufacturing. The AI Boom and TSMC’s Future Prospects TSMC’s bullish stance on AI was echoed at a recent industry forum, where senior executives from both TSMC and Samsung Electronics (OTC: SSNLF) expressed their optimism about the sector’s future. The rapid adoption of AI technologies is projected to drive compound growth rates of at least 50% annually in the near term, presenting a significant opportunity for chipmakers like TSMC. Despite short-term market fluctuations, the long-term trajectory for AI and related technologies remains upward, positioning TSMC as a crucial player in this evolving landscape. Conclusion Taiwan Semiconductor’s strong August performance and optimistic outlook reflect the company's strategic positioning in the AI and high-performance computing markets. As a key supplier for Nvidia and Apple, TSMC (NYSE: NYSE:TSM ) is poised to benefit from the rising demand for advanced semiconductors, bolstered by ongoing investments in global capacity expansion. With strong fundamentals and a technically sound price structure, TSMC presents a compelling opportunity for investors looking to capitalize on the next wave of technological innovation. However, investors should remain vigilant of key support levels and broader market conditions, which could influence short-term price movements. As the company continues to navigate the complexities of global demand and supply chain dynamics, its strategic initiatives and technological prowess will be essential in sustaining its market leadership and delivering long-term value to shareholders.
NYSE:TSMLong
by DEXWireNews
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
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