TSMC ( (TSM) ) has fallen by -7.19%. Read on to learn why.
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Taiwan Semiconductor Manufacturing Company (TSMC) experienced a notable stock price decline of 7.19% over the past week. Despite this downturn, the company has been showing strong revenue growth, with a 31% year-over-year increase in September, reaching NT$330.98 billion. This growth is largely attributed to the ongoing demand in the AI sector, which TSMC is heavily involved in as a key supplier to tech giants like Nvidia.
The recent stock price drop comes amidst a backdrop of positive analyst expectations. Susquehanna has raised TSMC’s price target from $300 to $400, maintaining a positive outlook on the company’s shares. Analysts anticipate that TSMC will outperform expectations in its upcoming quarterly results, suggesting that the current stock price dip may be a temporary setback rather than a long-term trend.
Investors are closely watching TSMC’s performance as it continues to play a crucial role in the AI supply chain. The company’s robust revenue figures and strategic positioning in the semiconductor industry suggest that it is well-poised for future growth, despite the recent volatility in its stock price. This makes TSMC a compelling stock to watch for those interested in the intersection of AI and semiconductor markets.