Weekly Recap | Taiwan Semiconductor +1.01%, August revenue hits record
Weekly Review·
- TSMC accumulated a weekly gain of 1.01 % to close at 433.24 USD, while its August revenue surged by over 53 % year on year to hit a record high.
- Twenty-one institutional coverage firms gave a consensus strong buy rating with an average target price of 551.26 USD.
- Despite strong fundamentals and robust AI driven demand, the stock experienced profit-taking and lower trading volume amid cautious market sentiment.