GMT Capital Corp Trims Taiwan Semiconductor Stake by 3,600
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GMT Capital Corp has reduced its stake in Taiwan Semiconductor Manufacturing Company (TSM) by 3,600 shares. TSM's stock has risen over 80% in the past year, trading around $370, supported by strong revenue growth and significant AI-driven capital expenditure plans. Analysts maintain a Strong Buy rating, with price targets between $397 and $450. However, concerns about valuation and execution risks persist, as indicated by mixed hedge-fund flows and overbought signals in the stock's technical setup.
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