TSMC looks likely to surpass its all-time high-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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TSMC looks likely to surpass its all-time high

Tiger_James Ooi
05-10

Source: TSMC

TSM's $Taiwan Semiconductor Manufacturing(TSM)$ share price surged by 3.6% in pre-market trading following the announcement of sales growth.
April's revenue saw an impressive 59.6% year-over-year increase, reaching NT$236 billion.
This revenue milestone marks the second-highest monthly revenue in the company's history.
Industry experts attribute this revenue surge to strong demand for high-performance computing related to artificial intelligence (AI) and robust customer demand for 3nm and 5nm advanced process technology, as reported by CNA.
During the 1Q2024 earnings call, TSMC projected that the Q2 midpoint revenue would reach NT$646 billion. With April's revenue already reaching NT$236 billion, this accounts for 36.5% of its Q2 target.
TSMC (ticker: TSM) remains one of our preferred semiconductor stocks, boasting a commanding 60% market share by global foundry revenue.
You can find my previous articles on TSMC here and here.
According to Bloomberg analysts' consensus, the 12-month average target price is USD161.88, indicating an upside potential of 13.4% relative to yesterday's closing price of USD142.79.
Based on technical analysis, we observe significant resistance at the Fibonacci 127.2% and 141.4% levels, which are at USD169.72 and USD185.23, respectively.

Source: Tradingview

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N30
·05-13
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AuntieAaA
·05-11
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Please share you Insights or comments on companies or technologies of AI industry.","image":"https://community-static.tradeup.com/news/4603961061b4e1f67cb838e908cb17bf"}],"images":[{"img":"https://community-static.tradeup.com/news/91abfc2c3aad5fdd5f49374bb369ee0e","width":"679","height":"152"},{"img":"https://community-static.tradeup.com/news/8d6f290cb845f698cdfcabe578693a1c","width":"1634","height":"857"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/91abfc2c3aad5fdd5f49374bb369ee0e","width":"679","height":"152"}],"title":"TSMC looks likely to surpass its all-time high","html":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/91abfc2c3aad5fdd5f49374bb369ee0e\" tg-width=\"679\" tg-height=\"152\"><span>Source: TSMC</span></p>\n<ul>\n <li><p>TSM's <a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a> share price surged by 3.6% in pre-market trading following the announcement of sales growth.</p></li>\n <li><p>April's revenue saw an impressive 59.6% year-over-year increase, reaching NT$236 billion.</p></li>\n <li><p>This revenue milestone marks the second-highest monthly revenue in the company's history.</p></li>\n <li><p>Industry experts attribute this revenue surge to strong demand for high-performance computing related to artificial intelligence (AI) and robust customer demand for 3nm and 5nm advanced process technology, as reported by CNA.</p></li>\n <li><p>During the 1Q2024 earnings call, TSMC projected that the Q2 midpoint revenue would reach NT$646 billion. With April's revenue already reaching NT$236 billion, this accounts for 36.5% of its Q2 target.</p></li>\n <li><p>TSMC (ticker: TSM) remains one of our preferred semiconductor stocks, boasting a commanding 60% market share by global foundry revenue.</p></li>\n <li><p>You can find my previous articles on TSMC <a href=\"https://ttm.financial/post/296510155587720\">here</a> and <a href=\"https://ttm.financial/post/265521831841816\">here</a>.</p></li>\n <li><p>According to Bloomberg analysts' consensus, the 12-month average target price is USD161.88, indicating an upside potential of 13.4% relative to yesterday's closing price of USD142.79.</p></li>\n <li><p>Based on technical analysis, we observe significant resistance at the Fibonacci 127.2% and 141.4% levels, which are at USD169.72 and USD185.23, respectively.</p></li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8d6f290cb845f698cdfcabe578693a1c\" tg-width=\"1634\" tg-height=\"857\"><span>Source: Tradingview</span></p>\n<p></p></body></html>","htmlText":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/91abfc2c3aad5fdd5f49374bb369ee0e\" tg-width=\"679\" tg-height=\"152\"><span>Source: TSMC</span></p>\n<ul>\n <li><p>TSM's <a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a> share price surged by 3.6% in pre-market trading following the announcement of sales growth.</p></li>\n <li><p>April's revenue saw an impressive 59.6% year-over-year increase, reaching NT$236 billion.</p></li>\n <li><p>This revenue milestone marks the second-highest monthly revenue in the company's history.</p></li>\n <li><p>Industry experts attribute this revenue surge to strong demand for high-performance computing related to artificial intelligence (AI) and robust customer demand for 3nm and 5nm advanced process technology, as reported by CNA.</p></li>\n <li><p>During the 1Q2024 earnings call, TSMC projected that the Q2 midpoint revenue would reach NT$646 billion. With April's revenue already reaching NT$236 billion, this accounts for 36.5% of its Q2 target.</p></li>\n <li><p>TSMC (ticker: TSM) remains one of our preferred semiconductor stocks, boasting a commanding 60% market share by global foundry revenue.</p></li>\n <li><p>You can find my previous articles on TSMC <a href=\"https://ttm.financial/post/296510155587720\">here</a> and <a href=\"https://ttm.financial/post/265521831841816\">here</a>.</p></li>\n <li><p>According to Bloomberg analysts' consensus, the 12-month average target price is USD161.88, indicating an upside potential of 13.4% relative to yesterday's closing price of USD142.79.</p></li>\n <li><p>Based on technical analysis, we observe significant resistance at the Fibonacci 127.2% and 141.4% levels, which are at USD169.72 and USD185.23, respectively.</p></li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8d6f290cb845f698cdfcabe578693a1c\" tg-width=\"1634\" tg-height=\"857\"><span>Source: Tradingview</span></p>\n<p></p></body></html>","text":"Source: TSMC TSM's $Taiwan Semiconductor Manufacturing(TSM)$ share price surged by 3.6% in pre-market trading following the announcement of sales growth. April's revenue saw an impressive 59.6% year-over-year increase, reaching NT$236 billion. This revenue milestone marks the second-highest monthly revenue in the company's history. Industry experts attribute this revenue surge to strong demand for high-performance computing related to artificial intelligence (AI) and robust customer demand for 3nm and 5nm advanced process technology, as reported by CNA. During the 1Q2024 earnings call, TSMC projected that the Q2 midpoint revenue would reach NT$646 billion. With April's revenue already reaching NT$236 billion, this accounts for 36.5% of its Q2 target. TSMC (ticker: TSM) remains one of our preferred semiconductor stocks, boasting a commanding 60% market share by global foundry revenue. You can find my previous articles on TSMC here and here. According to Bloomberg analysts' consensus, the 12-month average target price is USD161.88, indicating an upside potential of 13.4% relative to yesterday's closing price of USD142.79. Based on technical analysis, we observe significant resistance at the Fibonacci 127.2% and 141.4% levels, which are at USD169.72 and USD185.23, respectively. 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