Investors are watching Taiwan Semiconductor closely for upcoming earnings, with a positive outlook.

From Nasdaq.: 2024-10-16 11:22:00

Earnings season is here, with a focus on the stock market results of the banking, semiconductor, and technology sectors. Investors are watching companies like Taiwan Semiconductor and NVIDIA closely to make decisions on whether to buy or sell.

Investors are concerned about the chipmaking industry’s future following a 16% drop in ASML Holdings stock. Taiwan Semiconductor investors face a choice amid worries about industry cycles and profitability margins.

Taiwan Semiconductor’s upcoming earnings report is highly anticipated. Monthly revenue has seen double-digit growth, but a decline in operating cash flows raises concerns. Market expectations are high, with the company trading at a premium compared to industry peers.

Analysts, including those at Susquehanna, have a positive outlook on Taiwan Semiconductor, with a $250 price target. Short interest in the stock has decreased, adding to bullish evidence for holding the stock through the upcoming earnings announcement.



Read more at Nasdaq.:: Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?