TSMC Just Gave Investors Another Reason to Be Bullish on Nvidia
Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest contract chipmaker, posted its first-quarter report on April 18. Its revenue rose 13% year over year to $18.9 billion and its earnings grew 5% to $1.38 per American depositary receipt (ADR). Both figures exceeded analysts' expectations.
However, TSMC followed up its earnings beat with a cautious outlook for the industry. It reduced its full-year revenue forecast for the broader semiconductor market (excluding memory chips) from "more than 10%" growth to "approximately 10%" and cut its outlook for the foundry market from "approximately 20%" to "mid-to-high teens" growth.
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Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€164.40
-1.670%
The stock is one of the favorites of our community with 27 Buy predictions and 1 Sell predictions.
With a target price of 180 € there is a slightly positive potential of 9.49% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 164.4 €.
