Prediction: Taiwan Semiconductor's Stock Will Soar on July 17
Taiwan Semiconductor Manufacturing will set the tone for AI demand during earnings season.
Overview
Since late June, there has been a modest drawdown in artificial intelligence (AI) stocks. Taiwan Semiconductor Manufacturing (NYSE: TSM) hasn't been as affected by the pullback as some stocks, but it is still down nearly 8% from its all-time high. However, there's an upcoming catalyst that could send shares rocketing higher.
TSMC, as it is also known, reports second-quarter results after the market close on July 16, which could send the stock soaring on July 17. If you have failed to purchase shares of Taiwan Semiconductor in the past, now could be the perfect time to take advantage of the sale price, because the stock could go far higher.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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