TSM Q2 Earnings Preview: Grab rewards by guessing the opening price!
TSM is releasing its Q2 earnings on July 18 before the bell.
Since its Q1 earnings release, shares of $Taiwan Semiconductor(TSM.US$ have seen an increase of 22.28%. ![]()
How will the market react to the upcoming results? Make your guess now! ![]()
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the price range of $Taiwan Semiconductor(TSM.US$'s opening price at 9:30 ET July 18 (e.g., If 50 mooers make a correct guess, each of them will get 100 points.)
(Vote will close on 6:00 ET July 18)
● Exclusive 300 points: For the writer of the top post on analyzing TSM's earnings prospects.
Note:
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
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102362254 : Driven by high demand in semiconductor manufacturing, particularly in AI applications, $Taiwan Semiconductor (TSM.US)$ is expected to achieve good revenue growth in Q2 2024. Analysts predict TSM’s EPS for the same quarter to rise to $1.42, up from $1.14 last year, highlighting improved profitability and efficiency. The market sentiment remains very positive, with nine "Buy" ratings and no "Sell" ratings, reflecting strong investor confidence.
Hase Investment King : $Taiwan Semiconductor (TSM.US)$ supplies advanced semiconductors to major tech companies like $NVIDIA (NVDA.US)$ and $Apple (AAPL.US)$ .
As the leading chip manufacturer, TSMC plays a critical role in producing AI chips for Nvidia and various components for Apple's devices.
Apple has recently made significant moves to secure TSMC's advanced chip manufacturing capacity. In particular, Apple has booked 100% of TSMC's 3nm chip production for its latest devices, including the A17 Pro chip used in the iPhone 15 Pro, and the M3 chips used in Macs. This exclusive deal ensures that Apple remains at the forefront of chip technology with significant performance and efficiency improvements over previous generations.
Furthermore, Apple is expected to be the first to receive TSMC's 2nm chips, which are slated for use in future products such as the A19 chip in the iPhone 17 Pro and the M5 chips for Macs. The transition to 2nm technology involves adopting more advanced manufacturing processes, promising faster speeds and greater efficiency.
This broad customer base ensures TSMC benefits from the growth in multiple high-tech markets, including AI, automotive, and consumer electronics.
The company's strategic position and technological expertise underpin its strong growth prospects and make it a vital part of the global semiconductor supply chain.
AnnYeo God of Money : $Taiwan Semiconductor (TSM.US)$ has strong earnings prospects for the coming quarters. Analysts forecast earnings per share (EPS) of $1.34, representing a 17.5% increase from the previous year, and revenue is expected to reach $20 billion, a 27.9% YOY.
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In Q1 2024, TSM reported an EPS of $1.38, beating the consensus estimate of $1.29, with revenue of $18.87 billion, also surpassing expectations. The company is projected to achieve significant earnings growth, with analysts predicting a 28.41% increase in EPS for the full year 2024, rising from $6.16 to $7.91.
The stock is valued at a market cap of $956 billion and has shown impressive returns over the past decade, driven by the increasing demand for semiconductor products in various sectors, including personal computing, communications, automotive, and consumer electronics.
Overall, it's positive. However, you never know what the buyer/ seller thought... just like $Tesla (TSLA.US)$