Straits Times Index
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Taiwan Semiconductor Manufacturing Company Limited (TSM)
After hours:
| Previous close | 160.28 |
| Open | 164.30 |
| Bid | 162.00 x 1100 |
| Ask | 162.38 x 1000 |
| Day's range | 159.19 - 164.57 |
| 52-week range | 84.02 - 193.47 |
| Volume | |
| Avg. volume | 15,877,950 |
| Market cap | 839.834B |
| Beta (5Y monthly) | 1.29 |
| PE ratio (TTM) | 31.69 |
| EPS (TTM) | 5.11 |
| Earnings date | 17 Oct 2024 - 21 Oct 2024 |
| Forward dividend & yield | 2.46 (1.54%) |
| Ex-dividend date | 12 Sept 2024 |
| 1y target est | 196.07 |
- Reuters SG
EMERGING MARKETS-Taiwan shares plunge to six-week low, other Asian stocks steady
TSMC, the world's largest contract chipmaker and major Apple supplier, tumbled 5.6% in its worst session since mid-April, dragging Taiwan's benchmark 3.3% lower. TSMC makes up just over 12% of the index. A broader index of Asian shares extended its 1.9% drop from the previous day.
- Investing.com
Asian stocks rise as tech steadies; but steep weekly losses on tap
Investing.com-- Most Asian stocks rose on Friday as heavyweight technology shares steadied from several sessions of steep declines, although regional indexes were still set for deep weekly losses.
- Yahoo Finance Video
Chip stock sell-off opens door for long-term plays: Analyst
Chip stocks continue their sector-wide slide, following a tech sell-off triggered by disappointing reports from some Magnificent 7 companies. Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead joins Morning Brief to discuss the semiconductor industry's current state. Moorhead observes that due to the chip sector's strong momentum over the past year, "any hiccup, any rumor of something" can trigger a stock decline. He suggests this downturn presents an opportunity for investors to identify potential high-growth companies beyond industry giants like Nvidia (NVDA), Broadcom (AVGO), and Intel (INTC). Moorhead advises investors to "look at a mid-term and even... long-term approach of where those stocks are going or could go," highlighting companies such as Qualcomm (QCOM). Regarding industry trends, Moorhead notes that many companies are pivoting towards AI, often at the expense of other initiatives. "They want their IT groups to pivot to generative AI. And a lot of this is about FOMO, it's the fear of missing out," he explains. This shift in focus is creating a divide in the market: "That's why you see companies that aren't engaged in the generative AI wave are seeing very mixed results." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
