Why Taiwan Semiconductor Manufacturing Stock Popped Monday Morning
Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM), also called TSMC, were climbing on Monday, jumping as much as 4%. As of 1:40 p.m. ET today, the stock was still up 1.9%.
The Computex trade show kicked off in Taiwan this weekend with positive news for the semiconductor specialist.
The keynote address for the event was given by Nvidia (NASDAQ: NVDA) CEO Jensen Huang, who held a surprise for investors. The biggest revelation is that the company is accelerating its product upgrade cycle from two years to one.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€152.40
-3.170%
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As a result the target price of 185 € shows a positive potential of 21.39% compared to the current price of 152.4 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
