Prediction: TSMC Stock Will Soar After Aug. 26 Thanks to Nvidia’s Historic Quarter
Nvidia's upcoming earnings report is likely to give TSMC stock a nice shot in the arm.
Overview
Taiwan Semiconductor Manufacturing (NYSE:TSM) has clocked respectable gains of 35% on the stock market in 2026 so far. However, the foundry giant's returns pale in comparison to the 61% spike in the PHLX Semiconductor Sector index this year.
Popularly known as TSMC, the Taiwan-based foundry and semiconductor packaging specialist is one of the world's most important companies. It manufactures chips for tech giants such as Nvidia (NASDAQ:NVDA), Qualcomm, Apple, Advanced Micro Devices, Sony, and many others. Importantly, TSMC has been growing at a robust pace this year, clocking a 37% increase in revenue in the first seven months.
Details
Nvidia, one of TSMC's most important customers, will report its quarterly results after the market closes on Aug. 26. There is a solid chance that Nvidia's report will give TSMC stock a big boost. Let's see why that may be the case.
Source
Originally published at www.fool.com.