Taiwan Semiconductor Manufacturing Company Ltd. ($TSM) Stock Forecast: Up 5.2% Today

What is Taiwan Semiconductor Manufacturing Company Ltd.?

Taiwan Semiconductor Manufacturing Co (TSM) is a leading semiconductor company known for its cutting-edge technology and global presence in the chip manufacturing industry. The overall market sentiment has been positive towards TSM due to its innovative products and strategic partnerships.

Why is Taiwan Semiconductor Manufacturing Company Ltd. going up?

TSM stock is up 5.2% on Sep 19, 2024 17:49

• 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.

TSM Price Chart

TSM News

What's Going On With Taiwan Semiconductor Stock On Thursday? - Taiwan Semiconductor ( NYSE:TSM )

Wednesday, Taiwan Semiconductor Manufacturing Co TSM promoted Rose Castanares, executive vice president of the Arizona unit, as president. Castanares, who joined the Taiwanese contract chipmaker in 1998, will take over Brian Harrison on October 1, who will retire on December 31, the Taipei Times ...

https://www.benzinga.com/government/24/09/40940463/whats-going-on-with-taiwan-semiconductor-stock-on-thursday

What's Going On With AI Related Stocks Nvidia, AMD, Broadcom And Super Micro On Thursday? - NVIDIA ( NASDAQ:NVDA ) , Advanced Micro Devices ( NASDAQ:AMD )

Semiconductor stocks especially the ones linked to artificial intelligence technology led by Nvidia Corp NVDA, Broadcom Inc AVGO, Advanced Micro Devices, Inc AMD, Arm Holdings plc ARM, Super Micro Computer, Inc SMCI picked up after the U.S. Federal Reserve cut benchmark interest rate to spur ...

https://www.benzinga.com/government/24/09/40938590/whats-going-on-with-ai-related-stocks-nvidia-amd-broadcom-and-super-micro-on-thursday

What has Taiwan Semiconductor Stock Done Since Nvidia Earnings? - Taiwan Semiconductor ( NYSE:TSM )

Taiwan Semiconductor Manufacturing Co TSM stock lost 4% in the last 30 days. Last month saw volatility as Nvidia Corp NVDA released its quarterly print and more. The VanEck Semiconductor ETF SMH and iShares Semiconductor ETF SOXX, representing the semiconductor industry, have lost ~7% in the last ...

https://www.benzinga.com/news/24/09/40928754/what-has-taiwan-semiconductor-stock-done-since-nvidia-earnings

Taiwan Semiconductor Fuels Japan's Land Boom With New Chip Plants: Report - Taiwan Semiconductor ( NYSE:TSM )

Taiwan Semiconductor Manufacturing Co TSM has successfully fueled Japan's record land price appreciation for the second year, reflecting the importance of the projects on the economy.

https://www.benzinga.com/government/24/09/40906994/taiwan-semiconductor-fuels-japans-land-boom-with-new-chip-plants-report

This Is What Whales Are Betting On Taiwan Semiconductor - Taiwan Semiconductor ( NYSE:TSM )

Deep-pocketed investors have adopted a bullish approach towards Taiwan Semiconductor TSM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/24/09/40854703/this-is-what-whales-are-betting-on-taiwan-semiconductor

Trending Today

Bonk ($BONK) Crypto Forecast: Up 7.0% Today

Stox ($STX) Crypto Forecast: Up 10.3% Today

Aptos ($APT) Crypto Forecast: Up 12.4% Today

Ethereum ($ETH) Crypto Forecast: Up 5.8% Today

Fetch.ai ($FET) Crypto Forecast: Up 6.4% Today

Sui ($SUI) Crypto Forecast: Up 7.8% Today

Memecoin ($MEME) Crypto Forecast: Up 5.1% Today

Aave ($AAVE) Crypto Forecast: Up 9.0% Today

Chainlink ($LINK) Crypto Forecast: Up 5.1% Today

Solana ($SOL) Crypto Forecast: Up 9.0% Today

Taiwan Semiconductor Manufacturing Company Ltd. Price History

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.

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.

25.06.2024 - TSM Stock was down 6.0%

• The semiconductor sector is expected to see a resurgence in 2024, driven by advances in AI technology, which could potentially benefit companies like TSMC in the long run.
• Smart money is flowing into South Korean stocks as an alternative to TSMC, possibly impacting TSMC's stock performance.
• Despite TSMC's strong growth in revenue in the past quarter, the stock faced a bearish trend along with other chip stocks like Nvidia and AMD, indicating a broader market sentiment.
• Unusual options activity showing a bearish approach towards TSMC from deep-pocketed investors might have contributed to the bearish movement in the stock today.

30.06.2024 - TSM Stock was down 5.1%

• TSM experienced a bearish movement today despite the positive news of breaking ground on its first European chip plant in Germany. Here's why:
• The market may have reacted negatively due to concerns about increasing competition in the semiconductor industry, potentially impacting TSM's market share and profitability.
• The focus on trillion-dollar stock opportunities and top tech stocks might have shifted investor attention away from TSM, leading to a dip in its stock price.
• While TSM's expansion into Europe is a positive development, investors may be cautious amidst the overall market volatility and the need for companies to continuously innovate and adapt to technological advancements.

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.

02.07.2024 - TSM Stock was down 9.0%

• TSM experienced a bearish movement likely due to the following reasons:
• Cautionary remarks by notable analysts about political risks associated with Taiwan Semiconductor may have raised concerns among investors, impacting the stock negatively.
• The announcement of a Japanese startup commencing test production of 2-nanometer semiconductors in Japan could have shifted investor focus towards potential future competition in the semiconductor industry.
• A significant share plunge by another semiconductor company dragging down global chip stocks, including TSM, might have created a ripple effect of negative sentiment across the semiconductor sector, leading to TSM's bearish movement.
• Overall, the combination of political risks, emerging competition, and industry-wide challenges following the decline of another company likely contributed to TSM's bearish market movement recently.

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.