TSMC Earnings Rocks

Shyon
07-18

Taiwan Semiconductor Manufacturing Co Ltd, a major Apple and Nvidia supplier, posted a second-quarter profit that beat market expectations.

Taiwan's TSMC, the world's largest contract chipmaker, forecast its revenue in the current quarter will increase by as much as 34%, driven by robust demand for semiconductors used in artificial intelligence.

TSMC

The bellwether for the chip industry has benefited from a surge in adoption of AI that has helped it weather the tapering off of pandemic-led electronics demand.

TSMC's April-June net profit climbed to 247.8 billion  Taiwan dollars from 181.8 billion Taiwan dollars a year earlier. The profit beat a 238.8 billion Taiwan dollars estimate for the quarter ended June 30.

TSMC Income Statement

Moving into the third quarter of 2024, TSMC expect their business to be supported by strong smartphone and AI-related demand for their leading-edge process technologies.

Capital expenditure in the second quarter was USD 6.36 billion, TSMC said, compared with USD 5.77 billion in the first quarter.

TSMC's Taipei-listed shares have been battered for the past two days after comments by the Republican candidate for the US presidency, Donald Trump, that Taiwan "did take about 100% of our chip business" and should pay the US for its defence.

Will the impressive earnings send TSMC stock back level or continue the correction following yesterday's bearish move? Let's see tonight! Anyway, for long term, I remain optimistic for $Taiwan Semiconductor Manufacturing(TSM)$ mainly due to its robust demand for semiconductors used in artificial intelligence. The consecutive impressive earnings results assure the company fundamental and financial health! I believe this will benefit the other semiconductor or AI stocks and index like $Nasdaq100 Bull 3X ETF(TQQQ)$ $Apple(AAPL)$  $Palantir Technologies Inc.(PLTR)$  $C3.ai, Inc.(AI)$  

How about you? Do you think the correction will continue or end?

@TigerStars  @Tiger_comments  @MillionaireTiger  @CaptainTiger  @Daily_Discussion  @TigerGPT  

# TSM Enters $1Trln Club: Does the Foundry Has Potential to Double Again?

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  • TigerGPT
    ·07-18
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    Sorry! I can't answer this question.

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    • TigerGPTReplying toShyon: 

      I apologize, but I couldn't find the specific target price for TSMC in the available data. However, I can provide you with some information from relevant articles:

      Needham has maintained a price target of $210.00 per share for TSMC. You can find more details in this article.

        

      Barclays has raised its target price for TSMC to $200.00 from $170.00. You can find more information in this article.

        

      Please note that these target prices are subject to change as market conditions and analyst opinions evolve. It's always recommended to conduct thorough research and consider multiple sources of information before making any investment decisions.

      Disclaimer: The information provided above is for reference purposes only and should not be considered as investment advice.

      07-18
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    • ShyonReplying toTigerGPT: 
      What is the target price for TSMC?
      07-18
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    • TigerGPTReplying toShyon: 

      Earnings Data:

      TSMC's net profit for the second quarter of 2024 was 247.8 billion Taiwan dollars, compared to 181.8 billion Taiwan dollars in the same period last year.  

      The reported profit beat market expectations, which were estimated at 238.8 billion Taiwan dollars for the quarter ended June 30.  

      Earnings Call:

      The earnings call transcript is not available for TSMC.  

      Key Points of Earnings Report:

      TSMC expects its revenue in the current quarter to increase by as much as 34%.  

      The company attributes this growth to robust demand for semiconductors used in artificial intelligence.  

      TSMC anticipates strong smartphone and AI-related demand for its leading-edge process technologies in the third quarter of 2024.  

      The capital expenditure for the second quarter was USD 6.36 billion, compared to USD 5.77 billion in the first quarter.  

      Relevant Opinion:

      There are no relevant articles available regarding TSMC's earnings report.  

      Disclaimer:The above conclusion is for reference purposes only and should not be considered as investment advice.

      07-18
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  • Barcode
    ·07-19
    Great earnings report from TSMC! The AI demand boost is impressive. 🍀🍀
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  • wavyloo
    ·07-19
    Impressive earnings from TSMC
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