Prediction: TSMC Stock Is Going to Soar After July 16
The foundry giant has underperformed the semiconductor sector this year, but it could step on the gas after its Q2 results are released next week.
Overview
Taiwan Semiconductor Manufacturing (NYSE: TSM) stock has clocked respectable gains of 35% so far this year. However, TSMC's gains pale in comparison to the 67% jump in the PHLX Semiconductor Sector index.
But that may change after the company releases its second-quarter results on July 16. Let's look at the reasons why TSMC's upcoming results could supercharge this semiconductor stock next week.
Image source: TSMC.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.