Will TSMC Earnings Save The Techs?

CoolCashClips
2024-07-18

$Taiwan Semiconductor Manufacturing(TSM)$ is releasing the Q2 earnings on July 18, with high market consensus of accelerating revenue and profits.

Will it step up the $ASML Holding NV(ASML)$ ‘s plunge, or save the whole tech stocks from the declining?

TSMC Earnings Beat! Will the Giant Save the Semi Trend?
TSMC posted a net profit of T$374.68 billion ($11.4 billion) for the quarter ended Dec. 31, a record high for any quarter. That was in line with the T$377.95 billion LSEG SmartEstimate drawn from 22 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate. Semiconductor shares gained in overnight trading with TSMC shares jumping 6%, Nvidia up 2%, ASML up 3%. ----------------- Will TSM earnings' beat save the semiconductor stock prices? Another all time high this week? What's your target price for TSM?
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Comments

  • NatalieTommy
    2024-07-18
    NatalieTommy
    Let's see! [Thinking] [Observation]
  • Sr1000
    2024-07-18
    Sr1000
    Looks like not
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