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AMD's Soaring Stock: Riding the AI Wave with TSMC in Its Sights Advanced Micro Devices (NASDAQ: NASDAQ:AMD ) is making headlines as its stock experiences a remarkable 11% surge, riding high on the coattails of Taiwan Semiconductor Manufacturing (TSMC), the world's leading chip fabricator. The recent boost in NASDAQ:AMD 's stock price is attributed to TSMC's bullish signals regarding the robust demand for AI semiconductor production. This surge not only underscores the vital partnership between NASDAQ:AMD and TSMC but also positions NASDAQ:AMD as a significant player in the rapidly evolving semiconductor industry. TSMC's Impact on NASDAQ:AMD 's Trajectory: NASDAQ:AMD , heavily reliant on TSMC for chip manufacturing, finds itself on the brink of a potential record high. TSMC's fourth-quarter results, although flat compared to the previous year, exceeded expectations, signaling a positive momentum shift. The crucial role of artificial intelligence (AI) in driving this growth aligns seamlessly with NASDAQ:AMD 's focus on enhancing its position in the GPU market, where it currently holds a second-place position behind industry giant Nvidia. TSMC's Q1 fiscal year guidance, with a projected 10% increase in sales compared to the previous year, further cements the positive outlook for $AMD. Despite a potential dip in Q1 revenue, TSMC historically experiences cyclicality, suggesting a return to annual sales growth for the company. This, in turn, bodes well for NASDAQ:AMD , reinforcing its status as a key player in the semiconductor space. NASDAQ:AMD 's Strategic Moves in AI: While Nvidia remains the undisputed leader in advanced graphics processing units (GPUs) for AI applications and data centers, NASDAQ:AMD is carving its path with strategic investments and innovations. The announcement of a new chip, positioned to rival Nvidia's H100, indicates AMD's commitment to competing at the forefront of AI applications. Analysts also highlight AMD's efforts to improve its AI software, addressing a historical preference for Nvidia's chips over AMD's. NASDAQ:AMD 's GPU and CPU Focus: Beyond the AI segment, NASDAQ:AMD 's prowess extends to both graphics processing units (GPUs) and central processing units (CPUs). As the second-largest standalone GPU maker, AMD aims to narrow the gap with Nvidia by securing performance wins and gaining the favor of major customers. Simultaneously, AMD continues to challenge Intel's dominance in the CPU market for PCs and servers, illustrating a multi-faceted approach to market share expansion. Investor Sentiment and Technical Analysis: Investors are increasingly bullish on NASDAQ:AMD , drawn by its strategic positioning in the high-performance semiconductor space. The introduction of a chip challenging Nvidia's stronghold and improvements in NASDAQ:AMD 's AI software contribute to the positive sentiment. From a technical standpoint, NASDAQ:AMD 's stock is in a rising trend channel, indicating sustained positive development and growing investor interest. Conclusion: As the demand for high-performance semiconductors, driven by AI applications, continues to grow, NASDAQ:AMD stands out as a compelling investment. The partnership with TSMC, strategic focus on GPU and CPU advancements, and positive technical trends position AMD as a formidable contender in the semiconductor industry. Investors eyeing long-term growth and exposure to the AI wave may find AMD to be a sensible addition to their portfolios, with the potential for further gains in the evolving landscape of high-performance computing.
NASDAQ:AMDLong
by DEXWireNews
TSMC's Strategic Moves and Strong Earnings Fuel Bullish OutlookTaiwan Semiconductor (NYSE: NYSE:TSM ) has recently reported impressive fourth-quarter earnings, surpassing analyst expectations with an EPS of $1.44, beating estimates by $0.06. Additionally, the company's revenue for the quarter came in at $19.62 billion, slightly edging past the consensus estimate of $19.61 billion. This stellar performance, combined with the announcement of a new chipmaking plant in Japan, positions BCBA:TSMC as a compelling investment opportunity. We will delve into the key factors contributing to TSMC's positive outlook, including its financial success, global expansion strategy, and the significance of its upcoming facility in Japan. I. Financial Performance: TSMC's robust financial performance in the past quarter reflects its resilience and adaptability in a challenging global landscape. With positive earnings surprises and consistent revenue growth, the company has demonstrated its ability to navigate through geopolitical tensions and industry challenges. Investors are likely to be drawn to TSMC's strong fundamentals, making it an appealing choice in the ever-evolving semiconductor market. II. Global Expansion Strategy: The announcement of TSMC's new chipmaking foundry in Japan's Kyushu island signifies a strategic move to diversify its manufacturing footprint. Chairman Mark Liu emphasized the importance of meeting customer needs and securing government subsidies to support global expansion. This forward-thinking strategy not only bolsters TSMC's presence in the Japanese market but also positions the company to tap into government initiatives aimed at boosting domestic semiconductor production. As TSMC continues to evaluate the potential for a second plant in Kumamoto, Japan, it showcases the company's commitment to collaborating with governments and adapting to the evolving dynamics of the semiconductor industry. III. Rising Stock Trends: From a technical perspective, TSMC's stock is currently in a rising trend channel, indicating positive development and increasing buy interest among investors. The continued positive signal from the inverse head and shoulders formation hints at a sustained upward trajectory. IV. Geopolitical Considerations: TSMC's ability to navigate geopolitical challenges, particularly those between the United States and China, showcases its resilience and adaptability. The company's expansion into Japan aligns with a broader trend of decentralizing semiconductor production to mitigate risks associated with global geopolitical tensions. By strategically diversifying its manufacturing locations, TSMC aims to build trust among customers, fuel future growth, and attract global talent. Conclusion: Taiwan Semiconductor's recent financial success, global expansion strategy, and positive stock trends position it as a compelling investment option. The company's ability to navigate geopolitical challenges, coupled with its commitment to meeting customer needs and exploring government partnerships, underscores its long-term vision for sustained growth. As BCBA:TSMC continues to innovate and adapt to industry dynamics, investors may find it to be an attractive addition to their portfolios in the dynamic world of semiconductor manufacturing.
NYSE:TSMLong
by DEXWireNews
Mitigate Nvidia risk with a value-chain exposure to AIThe recent earnings announcement from Nvidia was historic. It’s not often that a firm shifts revenue guidance for an upcoming quarter from $7 billion to $11 billion. Nvidia’s total market capitalisation touched $1 trillion, something very few companies ever achieve1. An overzealous valuation? Professor Aswath Damodaran of New York University2, well known for his work on valuation, has said he cannot rationalise a $1 trillion valuation. Damodaran estimates Nvidia has a roughly 80% share of the artificial intelligence (AI) semiconductor market, which is around $25 billion today. Using bullish assumptions, which may not prove accurate, he looks to see growth in the AI semiconductor market to reach $350 billion within a decade. If Nvidia captured 100% future market share (a bold assumption), Damodaran’s valuation still resides about 20% below current prices. Nvidia is essentially a hardware company. One can see them try to ramp up software, but that is not the main driver. Other companies that achieved the $1 trillion market capitalisation level have software companies with network effects that draw vast numbers of end users into ecosystems. These software businesses have many ways to earn revenue from new products and services. Professor Damodaran’s valuations do not necessarily lead to share prices that immediately decline—but it may be difficult to keep the return momentum coming with equal fervor. Nvidia’s products do not operate in a vacuum WisdomTree spends a lot of time focusing on the AI megatrend. Nvidia’s products do not exist in a standalone fashion, as they are plugged into cabinets containing other hardware functioning in concert. If the AI semiconductor market grows, as many now expect, a lot of companies will benefit. Nvidia cannot, by itself, manufacture its semiconductors end-to-end. Taiwan Semiconductor Manufacturing Co. (TSMC) is responsible for this part of the puzzle. There is a whole semiconductor value chain, and each element captures a different-sized slice of the economic value pie. There are a range of companies associated with ‘generative AI’ over the period from the release of ChatGPT. Alphabet, Meta and Microsoft represent companies developing large language models (LLMs) to allow users to directly access generative AI. Meta was beaten down in 2022, due to disappointment with the firm’s metaverse efforts, but AI and cost cutting is helping them in 2023. Alphabet and Microsoft are at the centre of the generative AI battleground. Microsoft, so far, is winning on the cloud computing battle front with its Azure platform, whereas Alphabet’s Google is going to be very difficult to fend off in the internet search space. It’s interesting to compare Nvidia to Samsung and SK Hynix. Running AI models, especially large AI models, requires memory, and Samsung and SK Hynix are in the memory chip space. Excitement, at least in recent years, fluctuated in waves across the broad semiconductors market. Right now, during the explosion of generative AI, graphics processing units (GPUs), where Nvidia is the leader, are all the rage. Synopsys and TSMC represent notable, necessary value-chain plays on semiconductors. Nvidia chips cannot be created in a vacuum. Synopsys provides necessary electronic design automation capabilities, whereas TSMC is among the only companies with a manufacturing process advanced enough to fabricate Nvidia’s most advanced chips. Is AI over-hyped? The Gartner Hype cycle characterises one way to view new technologies. In the short term, excitement leads to money flows. Share prices and valuations benefit. At a certain point, a realisation sets in that true success, growth, and adoption takes time, so at this point there is usually a lot of selling and a tougher return environment. Finally, there is a recognition that pessimism is also not quite appropriate as the technology is still important and still being used, so growth rates and returns then tend to be more reasonable. AI is not any one single thing. Today we think of it as ChatGPT, LLMs or generative AI, but other disciplines and functionalities are still there, they just aren’t grabbing headlines in same way. ‘Generative AI’ and ‘foundation models’ might be nearing a peak of inflated expectations. Have you been excited about self-driving vehicles recently? No? Well, that could be part of the reason why ‘autonomous vehicles’ might be near the trough of disillusionment. Computer vision, which has been around for quite some time, is making its way up the so-called ‘slope of enlightenment’. The hype cycle is not an exact science. Any discipline on this graph could generate any sort of return, positive or negative, going forward. It’s simply a tool that helps us place all of these different topics on a broader continuum. The only thing we seem to know for sure is that all of the topics do not generate the same levels of excitement or pessimism all the time. Conclusion: it’s possible to mitigate single company risk by looking across the AI ecosystem The hype cycle illustration points out that the various applications of AI are at different points of adoption, excitement, and development. No one knows the future with certainty, but we believe there is growth occurring in all of these disciplines. The world is enthralled with generative AI now, but the world was similarly excited about autonomous vehicles a few years ago. Progress is occurring, even if we are not seeing it reflected in every headline. WisdomTree has a broad-based AI index to capture these AI trends. While Nvidia’s valuation is getting stretched, according to Professor Damodaran, WisdomTree’s AI index did not change much following the Nvidia surge. The entire ecosystem of AI defined by WisdomTree is not as beholden to the moves of any single company. AI has the potential to impact every industry which is why WisdomTree built a broad-based, ecosystem-oriented approach as opposed to concentrating on any single stock. Sources 1 Source: Bloomberg. 2 Source: Hough, Jack. “Nvidia Is the New Tesla, the ‘Dean of Valuation’ Says. It’s Time to Cash Out.” Barrons. May 31, 2023.
NASDAQ:NVDA
by aneekaguptaWTE
NVIDIA - A Scenario Few Are Considering. Few. Few. Few.NVIDIA's price action last week was a historic event in the markets, and at a very strange time. Whenever you see such an outlier, it's time to perk up and really give a deep think to what's going on in the world at large. For me, I had long since anticipated NVIDIA would print a new ATH, but I did not believe it would do it until the markets at large had started to moon, which I stated in a March call, which turned out to be pretty accurate. NVDIA - Expect Sideways Until Bear Puts Expire Worthless The fact that a megacap could take out the November of 2021 highs before the Fed started hiking is extremely indicative of what's going on, namely that the indexes and the market at large are sure to follow. I've heard some pretty good theories that NVIDIA being able to do what it's done has a lot to do with Chinese Communist Party entities running a "boomerang" through Cayman Islands-based proxies that are shuffling liquidity through big enterprises like the US banks located in Hong Kong. NVIDIA also reportedly relies on Taiwan-based TSMC to make its processors, and right now, Taiwan is the springboard for the western globalist interests to attempt to take control of Mainland China when the CCP collapses in the upcoming future. The Party has recently stated that the mainland is scheduled to get hit up by 60 million new cases ***per week*** of the nouveau variant of the Omicron version of the Wuhan-originating Coronavirus Disease, and yet the Communist Party is not reporting any hard figures on case counts and death through the global faucets, and has not since Xi dropped the Zero COVID social credit scheme in January. And on top of that is the soon-to-be 24 year long persecution of Falun Dafa by Jiang Zemin and its Shanghai faction combining with the CCP itself, a persecution that targeted 100 million people and committed the unprecedented sin of live organ harvesting. The sin of the persecution is so enormous that once brought into the public eye, no matter who you are in this world, you'll be brought down as retribution for evil. So there's a lot to watch out for in geopolitical tensions, and a lot at play. The biggest thing right now is that the markets are set to pump to provide people with a new distraction as they try, once again, to get rich, and quick, instead of paying attention to what is important in life. Everyone is now convinced that NVIDIA is unshortable, and some are even looking for a mild pullback to go long on the "parabolic trend line." Frankly speaking, there's a lot of risk in buying ATHs when you're dealing with something governed by a clever MM, and if the Q2 ER scam doesn't convince you that NVIDIA's MM is clever, "Sorry, I don't have time to explain it to you." In making this call, I would like to say that NVIDIA going parabolic is pretty likely. I'd also like to say that some formation like this, which we saw on Sun Microsystems in the Dotcom bubble, is also pretty likely: If the Sun fractal is valid, then this call is invalid. How it would play out is kind of like what Boeing did in 2018-19: Or what BTC CME Futures has already done Meaning that shorting will remain extremely risky, but going long won't necessarily have any opportunities to meaningfully pay. However, if the MMS are intending to conduct a turtle soup into a three drives/three Indians pattern, you do actually have the opportunity to Shortgod the top, get long at the bottom, and collect an even bigger trade. What this would involve is that starting in June NVDIA begins to retrace, and if it were to be so, it would likely retrace with a consistency that is as good as selling volatility has been in the last 9 months. It would refill the May gap completely, and rebalance the unbalanced March gap, which coincides with the recent market structure's range equilibrium at $250 and the week of April 24's pivot. Many have said that the debt ceiling crisis being resolved by the Federal government often results in a stock market crash since the market has to absorb all the new TBonds that the Treasury has to issue to keep the government afloat. If you couple that with how the market didn't go down at all during the debt ceiling crisis itself, a bear impulse appears more and more likely. If it were to do this, NVIDIA would also never print a $1 trillion market capitalization despite being so close. NVDIA likely would quickly bounce at this point and then the target would be one standard deviation above the May high, coming in at $540, which would also take the psychological $500 level. Doing this will encourage and trap bears all the way down, and then slaughter bulls over $500. Doing this will slaughter the bulls that have already bought the top, and at present, the bears have literally all been killed. Projected time frame for this to happen would be something like a September bottom and the top would come in the middle of '24 with the next U.S. Presidential Election on the horizon. Of course, that assumes that the world remains in good enough shape to be stable in any way a year from now. I do not have conviction that this will be the case it will play out, but I wanted to post this theory because the timing, logic, and price action all support it strongly, and it's the one scenario that nobody is considering, which also happens to generate a lot of alpha if you can get on top of it.
NASDAQ:NVDA
by LordWrymouth
6
TSMC WEEKLY UPDATES The next to push on stock market. after NVIDIA nukes to 390$ pre-market today. Now im expecting Taiwan semicon stocks to rocket soon. Banks and the FED making more liquidity. If someone tells they short the stocks. Always be cautious on it. This idea base on my previous post last MAY 8, too much noise on taiwan as of now, the conflict over china and the US. This is not a financial advice. Follow for more if you like stock market. I post sometimes. Hit the follow so that we can get 300 followers.. Sooner or later I will be posting daily updates to my followers here.
NYSE:TSMLong
by D1GITALTRADES
TSMC Wait patiently for wave 3TSMC is the world's largest contract chipmaker, and it is well-positioned to benefit from the growing demand for semiconductors. The company has a strong track record of innovation and growth, and it is investing heavily in new technologies to stay ahead of the competition. TSMC is also benefiting from the trend of chipmakers moving their production to Taiwan. The island nation has a number of advantages, including a skilled workforce, a stable political environment, and a close proximity to major markets. As the demand for semiconductors continues to grow, TSMC is well-positioned to capture a significant share of the market. The company has a strong track record, a bright future, and a favorable investment thesis. Here are some of the reasons why you should invest in TSMC stock: TSMC is the world's largest contract chipmaker, and it has a strong track record of innovation and growth. The demand for semiconductors is growing, and TSMC is well-positioned to benefit from this growth. TSMC is investing heavily in new technologies to stay ahead of the competition. TSMC is benefiting from the trend of chipmakers moving their production to Taiwan. Taiwan is a stable and politically secure country, which is important for chipmakers. TSMC has a strong management team with a proven track record. TSMC is a profitable company with a strong balance sheet. Overall, TSMC is a well-run company with a strong competitive position. The company is well-positioned to benefit from the growing demand for semiconductors, and it is investing heavily in new technologies to stay ahead of the competition. If you are looking for a stock to invest in the semiconductor industry, TSMC is a good option.
NYSE:TSMLong
by ShukriMahadi
TSMC, 10d+/61.18%rising cycle 61.18% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NYSE:TSMLong
by Tonyder
TSMCTaiwan Semiconductor Manufacturing Company (TSMC) is a global leader in semiconductor manufacturing, providing foundry services to some of the biggest names in the technology industry, including Apple, Qualcomm, and Nvidia. The company is headquartered in Taiwan and has manufacturing facilities in Taiwan, China, and the United States. Im still bullish on This stock. Several factors have contributed to TSMC's success, including its dominant position in the semiconductor foundry industry, its ability to produce advanced chip technology, and its partnerships with major technology companies. TSMC has also benefited from the increasing demand for semiconductor chips in various industries, including smartphones, automotive, and artificial intelligence. Trade base on your own decissions.
NYSE:TSMLong
by D1GITALTRADES
TSMC to break higher?Taiwan Semiconducotor - 30d expiry - We look to Buy a break of 83.72 (stop at 81.28) Short term momentum is bullish. In our opinion this stock is undervalued. 83.63 has been pivotal. A break of the recent high at 83.63 should result in a further move higher. We are trading at oversold extremes. This is curremtly an actively traded stock. Our profit targets will be 93.93 and 94.93 Resistance: 83.63 / 87.50 / 91.94 Support: 78.50 / 76.00 / 72.84 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:TSMShort
by VantageMarkets
1
Head And Shoulder (NASDAQ) and a few reasons to remain bullish.Following a nearly -30% decline in the first half of the year, its worst start to a year ever, the NASDAQ 100 index has at least stabilized in the 11,000s this month. That fragile calm will be put to the test over the next couple of weeks as the heavily-weighted Big Tech stocks report earnings in the coming weeks (see my colleague Josh Warner’s full Big Tech earnings preview report). Ahead of the fundamental data dump, it’s worthwhile to revisit the index’s outlook from a sentiment and technical perspective: Ultimately, the NASDAQ 100’s near-term performance will hinge on how investors interpret the Big Tech earnings season, starting with Netflix’s highly-anticipated report this afternoon. That said, the balance of the positioning, technical, and fundamental forces still suggest the index is in a bear market, and traders are likely to fade any near-term rallies at least until prices can break durably above 13,000. Also anyone who spent countless hours on trading and analyzing would easily see this Head And Shoulder Pattern.
CME_MINI:NQ1!Long
by Incantus
We see S&P500 is very bullish with recent tech innovations. TSMC to up Arizona investment to $40 billion with second semiconductor chip plant The investment by TSMC is one of the largest foreign investments in U.S. history, and the largest in the state of Arizona. Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. Once the plants open, they will produce enough chips to meet the U.S. annual demand. The announcement comes in wake of the passage of the CHIPS and Science Act which was signed into law in early August. President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing Co. on Tuesday to announce the opening of the company’s second chip plant in Arizona, raising its investment in the state from $12 billion to $40 billion. The company will also announce it will be producing more technically advanced chips than originally proposed. The investment by TSMC is one of the largest foreign investments in U.S. history, and the biggest in the state of Arizona. Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. The Covid-19 pandemic shined a bright light on U.S. dependence on Chinese manufacturers as lockdowns led to a global shortage of the high-tech chips.
CME_MINI:ES1!Long
by Incantus
TSM in an ascending triangle.Taiwan Semiconducotor - 30d expiry- We look to Buy a break of 83.22 (stop at 79.92) Prices have reacted from 59.44. Short term momentum is bullish. Price action has formed a bullish ascending triangle formation. A break of the recent high at 83.18 should result in a further move higher. Our outlook is bullish. Our profit targets will be 91.48 and 92.48 Resistance: 83.20 / 84.00 / 88.00 Support: 81.50 / 79.50 / 76.20 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:TSMLong
by Saxo
SMH ETF (Global Semiconductor’s trend”..20/Oct/22VanEck ETF which “tracking /invest” on 25 global major semiconductors stocks. Probably found its “base” @ around 148.90 - P/s. Probably the “next recession” might be caused by “geopolitical tensions” cause by 2 big brothers..A kinds of “wars e.g chips war, trade war, or “actual war”....” Probably an “Imposed /sanctioned by” a “freedom democracy/free trade” country toward “a so called not a democracy country”..
NASDAQ:SMH
by SteveTan
$TSM Taiwan Semiconductor Manufacturing WYCKOFF$TSM Taiwan Semiconductor Manufacturing Company Ltd. completed a clear as day WYCKOFF distribution TOP. Currently it is sitting on major support. Losing this $76 area would be bearish to $60 because there isn't much support below $76 to hold it up. $TSM is GAP city (Gaps are marked in Red), big gap below Support and many gaps above. So far, this stock has not shown any signs of reversal, however $TSM is a giant in chip manufacturing. TSM makes $aapl chips and with ongoing shortages they are well positioned for advantage as these tech giants add autonomous driving to their business plans. Financially they are well positioned for growth in the years to come.
NYSE:TSM
by ChaldeaCode
TSM - New Growth Cycle with 100% Potential?Is the world leading chip maker TSMC about to start a new growth cycle? Fundamental indicators: Revenue and Profits - exponential growth Profit margin - is at circa 37%, impressive figure considering the growth levels P/E - reasonable at 23x Liabilities - no problems there Risks: Recession - is not likely to have a big impact on TSMC as demand on its products keeps growing, but it may impact share prices when the market starts correcting China tensions - this is the highest risk to stability and future of this business which is difficult to assess but it certainly needs to be taken into account Technically: Following correction of 2020 there was an explosive growth in the share price of TSMC which indicates that it was wave 3 using Elliott Wave analysis And looking at the structure of the correction that has developed since the peak - the impulse like movement at the end suggests it is an Extended Flat At the lower time timeframe it is visible that the fifth wave of this impulse is quite choppy which indicates that ending diagonal is developing and soon there will be a reversal Given the depth of the forming wave 4 is 50% (using Fibonacci level) the fifth wave maybe not as explosive and may reach $150 to $190, which is impressive 100% jump from the current price level Alternative scenario - there is a possibility that wave 4 has not completed yet and it may drop further, however, at the moment it looks unlikely Do you think that TSMC is going to start another impressive bull cycle? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:TSMLong
by vitalalyt