TSMC Hits Thousand Mark, Foreign Investors Expected to Raise Bets Again

Reported about 1 year ago

TSMC's stock price broke the thousand mark, reaching NT$1,005 on July 4, 2024. Being the largest weighting stock in Taiwan's stock market, TSMC has become the 'thousand mark treasure.' Foreign securities firms have played a crucial role in this milestone, as several of them have set thousand-level price targets which are almost achieved. The focus is now on the upcoming investor conference on the 18th, where the company's Q3 revenue, annual outlook, semiconductor industry prospects, and potential 2025 capital expenditure expectations will be discussed. Foreign investors are closely monitoring these indicators for a possible further increase in target prices.

Source: YAHOO

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