Taiwan Semiconductor's Q2 sales increased by 40% year-on-year, and the lower limit of the annual capital expenditure guidance has been raised.

Expected full-year capital expenditures of $30-32 billion, with upwardly revised sales growth expectations of above the mid-point range at 20% in terms of US dollars.

wallstreetcnJul 18 15:39

"Dahsing" Goldman Sachs raises Taiwan Semiconductor's (TSM.US) target price to $227 and continues to list it as a conviction buy.

Goldman Sachs released a report stating that Taiwan Semiconductor's (TSM.US) Q2 performance largely met expectations. At the corporate briefing held on the 18th, investors were focused on pricing strategies and the growth prospects for advanced encapsulation. The management team's tone regarding next year's price outlook was more positive than the bank's original estimate, believing that there is a greater possibility of raising its long-term gross margin target under the company's strong bargaining power and leadership position. The bank raised its profit forecast for TSMC from 2021 to 2026 by 7.1%, 8.4%, and 6.1%, respectively, to reflect Q2 performance, higher prices, and gross margin assumptions, and expect Q3 revenue

AASTOCKS14:57

Trump's astonishing comments sparked a plunge in technology stocks. A well-known investment bank on Wall Street shouted out to buy on the dips, calling it a "golden buying opportunity"!

According to Wedbush analyst Dan Ives, the sell-off of technology stocks is a 'golden buying opportunity' for investors.

Zhitong Finance15:18

Hedge funds ran away! Goldman Sachs: AI capital expenditure bubble burst, Seven giants selling off causing intense volatility.

Goldman Sachs traders have warned that the bubble risk in AI capital expenditures is evident, while extreme concentration in the US stock market is causing massive thematic rotation.

FX16814:11

Taiwan Semiconductor is close to reaching an EUV agreement with ASML, which is crucial for 1nm chip technology.

According to **** media, the Chairman of Taiwan Semiconductor visited ASML headquarters secretly in May this year to negotiate the purchase of the next-generation extreme ultraviolet (EUV) lithography equipment. The visit nearly finalized the procurement plan for the North American EUV lithography machine. The equipment is expected to be stationed at Taiwan Semiconductor's research and development center in the fall of this year, to support the development of the A10 technology. This technology belongs to the next-generation 1nm process, representing a major leap in semiconductor technology, and can produce smaller, more powerful, and more efficient chips.

Gelonghui Finance13:15

Taiwan Semiconductor's conference call: 2024 will be a 'very strong year of growth', with production capacity for CoWoS at least doubling in the next two years.

Wei Zhejia, director and CEO of Taiwan Semiconductor, said that the main reason for raising the annual capital expenditure guidance is to consider higher growth opportunities. The part of the revenue that exceeds the guidance in this quarter mainly benefits from the demand for N3 and N5 processes.

wallstreetcnJul 18 22:20