Chip Demand Is Softening. Wait to Buy TSMC Stock

MarketWatch2023-07-18

TD Cowen believes investors should wait for better prices before buying shares in Taiwan Semiconductor Manufacturing.On Monday, analyst Krish Sankar reaffirmed his Market Perform rating for TSMC stock...

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KyawGyee
2023-07-18
KyawGyee
That's a retard. Tsm already announced that H2-2023 will recover and tsm will grow in 2024. Wait for $85? Good luck. lol

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Wait to Buy TSMC Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-18 17:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/tsmc-stock-price-chip-demand-36f4bda6?mod=newsviewer_click><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TD Cowen believes investors should wait for better prices before buying shares in Taiwan Semiconductor Manufacturing.On Monday, analyst Krish Sankar reaffirmed his Market Perform rating for TSMC stock...</p>\n\n<a href=\"https://www.marketwatch.com/articles/tsmc-stock-price-chip-demand-36f4bda6?mod=newsviewer_click\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSM","symbol_name":"台积电","start_time":0,"source_url":"https://www.marketwatch.com/articles/tsmc-stock-price-chip-demand-36f4bda6?mod=newsviewer_click","article_id":"2352752386","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2352752386","pubTimestamp":1689670850,"sourceInfo":{"source_id":"mwatch_stock","name":"Market Watch"},"weMediaInfo":null,"summary":"TSMC stock fell by 0.3% to $104.78 Monday.              Annabelle Chih/Getty Images               TD Cowen believes investors should wait for better prices before buying shares in Taiwan Semiconductor","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSM":"台积电"},"translate_title":"芯片需求正在疲软。等待购买台积电股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSM":1},"content_text":"TD Cowen believes investors should wait for better prices before buying shares in Taiwan Semiconductor Manufacturing.On Monday, analyst Krish Sankar reaffirmed his Market Perform rating for TSMC stock and reiterated his price forecast of $85 for TSMC’s American depositary receipts.“We think there is limited upside to near-term earnings and would wait for a better entry point,” he wrote. “Softer than expected Android mobile demand and potential automotive [chip] slowdown are key risks.”Sankar predicts the foundry’s third-quarter revenue will grow by 10% quarter-over-quarter, which is below the 15% average over the last five years. He cited how the inventory glut for mobile smartphone chips hasn’t dissipated.TSMC dominates the market for high-end chips. It makes the main processors inside Apple  iPhones, Qualcomm  mobile chipsets, and processors made by Advanced Micro Devices . According to TrendForce, TSMC has about 60% market share of the third-party chip manufacturing business, followed by Samsung at 12%.The company will report its second-quarter earnings results on Thursday.“We think key areas of focus for the [earnings] call will be the sustainability of data center AI server build-outs, mobile supply chain inventories [and] automotive end market trends,” he wrote.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":199189418967096,"gmtCreate":1689668506726,"gmtModify":1689669704579,"author":{"id":"4090595486982830","authorId":"4090595486982830","name":"KyawGyee","avatar":"https://static.tigerbbs.com/fdcba8de8d5ea791b5d78858d5e024b4","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1},"htmlText":"That's a retard. Tsm already announced that H2-2023 will recover and tsm will grow in 2024. Wait for $85? Good luck. lol","listText":"That's a retard. Tsm already announced that H2-2023 will recover and tsm will grow in 2024. Wait for $85? Good luck. lol","text":"That's a retard. Tsm already announced that H2-2023 will recover and tsm will grow in 2024. Wait for $85? 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