TSMC (TSM) Stock Rises on Strong Q2 Profit Forecast

6 days ago

TSMC (TSM, Financial) saw its stock rise by 2.16% to $233.6. The company is set to release its Q2 financial report this week. Analysts surveyed by FactSet expect a 53% year-over-year increase in net profit, reaching a record NT$379.415 billion (approximately $12.91 billion). Revenue is projected to increase by 39% year-over-year to NT$933.8 billion (about $31.77 billion), surpassing the company's guidance of $28.4 billion to $29.2 billion.

Morgan Stanley analysts suggest that TSMC is a smart choice for investors, recommending buying ahead of the quarterly earnings call for quick profits. Analysts, including Charlie Chan, indicate that robust demand in the artificial intelligence sector may lead TSMC to revise its annual sales guidance upwards.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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