Invesco PHLX Semiconductor ETF
SOXQ----
Weekly Recap | Taiwan Semiconductor +1.43%, consensus target above spot
Weekly Review·- TSMC accumulated a 1.43% weekly increase to close at $418.51, outperforming the S&P 500 amid focus on capacity expansion, AI demand, and supply chain adjustments. - A total of 21 institutions covered TSMC with a consensus rating of strong buy and a consensus target price of $584.39, indicating an upside space of about 39.6%. - Market attention going forward remains on the execution pace of Texas expansion and rare earth supply chains, alongside upcoming macroeconomic data affecting AI capital expenditure judgments.Weekly Recap | Qualcomm +2.21%, beating the S&P 500
Weekly Review·- Qualcomm's stock rose 2.21% to close at 175.91 dollars this week, outperforming the S&P 500 index. - Key corporate developments included winning a legal battle against Arm with a nominal 2 dollars award, announcing global performance-based layoffs, and declaring a quarterly cash dividend of 0.92 dollars per share. - Institutional analysts maintained a neutral consensus rating with a target price of 195.8 dollars, while upcoming events will focus on the fiscal Q4 earnings release on November 4.