Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is currently experiencing a lack of significant news to explain its stock movement today. However, discussions on Reddit provide some insights into the broader sentiment and expectations surrounding the company. On the subreddit r/ValueInvesting, users are optimistic about TSM's potential, with one user suggesting that "NVIDIA, TSM, and ASML will 2x" due to the increasing demand for GPUs and advanced models, which TSMC's manufacturing capabilities support. Another user noted that TSM's price is being "pushed down a lot due to China risk," highlighting geopolitical concerns as a factor in the stock's valuation.
In another thread on r/wallstreetbets, TSM is mentioned as a key player in the quantum computing sector, with its role as a semiconductor foundry being crucial for manufacturing chips used in quantum computing. The discussion reflects a mix of speculative interest and strategic investment, with one user stating, "based purely off of what I actually invested in this year: goog, nvda, and tsm." This indicates a belief in TSM's long-term potential despite the current market volatility and geopolitical risks.
As of the latest update, TSM's stock is priced at $189.45, reflecting a 2.67% decrease from the previous close of $194.64.