Tsmc (Tsm) Stock Sinks as Market Gains: Here's Why
TSMC's stock has declined by 13% over the past month, trailing its industry and sector peers, amidst a rising market. The chip company's upcoming earnings report will be closely watched by investors, with analysts expecting year-over-year growth of 47.1% in earnings per share. The stock currently holds a Zacks Rank of #2 (Buy), reflecting its forward P/E ratio and PEG ratio.
- The recent decline in TSMC's stock may indicate a shift in investor sentiment towards the chip industry, potentially signaling a need for companies to reassess their production capacities and supply chain management.
- How will the increasing competition from emerging technologies like artificial intelligence and 5G networks impact TSMC's market share and revenue growth prospects?