TSMC has received positive feedback from Wall Street analysts: low valuation, good prospects, and strong demand for AI
阿豆学长长ov
发表于 2024-1-18 16:57:49
231
0
0
As the market's optimism about artificial intelligence resurfaces, TSMC's stock price may be further boosted.
Investors are betting that the global chip industry is about to recover after more than a year of inventory adjustments. Based on this expectation, the stock price of the world's largest wafer foundry company has rebounded 12% from its low point in September last year, with a market value increase of $59 billion.
Although TSMC's stock price is still 15% lower than the record level set two years ago, the daily call option trading volume of its American Depositary Receipts (ADRs) has been increasing recently.
Driven by the wave of artificial intelligence and the gradual rebound in broader chip demand, the stock prices of TSMC's global chip peers and first-line customers, including Nvidia, have once again reached historic highs. Some investors expect TSMC to catch up as well.
Amir Anvarzadeh, strategist at Asymmetric Advisors, said, "Given its undisputed dominant position in artificial intelligence chip production, TSMC may eventually explode." He added that due to the company's current low valuation, better than expected sales prospects, and potential price increases, TSMC's stock price may continue to rise.
Improvement of chip demand
TSMC's revenue exceeded expectations in the fourth quarter of last year, and market expectations for the company's future profits have rebounded to record highs. The stock currently has 35 buy ratings, 2 hold ratings, and no sell ratings.
As a contract manufacturer of Nvidia 5nm semiconductors, TSMC is considered a major beneficiary of the artificial intelligence boom.
In terms of smartphones, although hardware demand is recovering slowly, Apple has adopted the company's more advanced and higher priced 3-nanometer chip in its latest iPhone series.
Goldman Sachs analysts, including Bruce Lu, wrote in a report, "We are optimistic about TSMC because we believe its solid technological leadership and execution capabilities can better capture the long-term structural growth of the industry than its peers, especially in areas such as 5G or artificial intelligence."
This report also points out that TSMC's valuation remains attractive. TSMC's relatively cheap stock price is believed to support its upward trend, with an expected P/E ratio of 15 times, compared to Nvidia's expected P/E ratio of 28 times.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- The Federal Reserve may not cut interest rates next month! Wall Street asset management giants list top 10 economic tailwinds
- Xiaomo vs Goldman Sachs! The two giants on Wall Street have completely different opinions: where will the US stock market go in the future?
- Wall Street bank executives' thorn in the heart: US election and geopolitical risks!
- Apple AI will officially debut next week and undergo testing by nearly 1.5 billion 'fruit fans'! The first batch of user experience has been released, and there is a huge divergence on Wall Street
- Will the official launch of Apple AI next week trigger a surge in iPhone sales? Renowned analyst: Opportunities are not high in the short term
- Ford's third quarter revenue of $46.2 billion exceeded analysts' expectations
- Robinhood's third quarter profit and revenue fell short of Wall Street's expectations
- How does Wall Street prepare for the US election? Hold cash and wait outside!
- Nvidia is considering investing in Musk's xAI, with a valuation of $40 billion
- The internal strife within the German coalition government has reached a critical moment. Wall Street: They're probably going to disband, aren't they?
-
随着“银十”结束,各家造车新势力都交出了一份亮眼的成绩单。 理想领跑10月新势力交付榜,鸿蒙智行重回4万辆,零跑、深蓝、极氪、小鹏等单月交付量均创新高,岚图、阿维塔、智己等实现破万,但哪吒却消失在 ...
- fanadam
- 昨天 20:02
- 支持
- 反对
- 回复
- 收藏
-
【科技记者古尔曼:苹果计划于12月第一周发布iOS 18.2系统更新 带来更多人工智能功能】科技记者古尔曼透露,苹果计划于12月第一周发布iOS 18.2系统更新。iOS 18.2将为iPhone 15 Pro机型和所有iPhone 16机型带来更多 ...
- cristianna
- 前天 17:32
- 支持
- 反对
- 回复
- 收藏
-
为期超七周的大罢工终于落下帷幕。 当地时间11月4日,波音美国西海岸工厂工人们就改进后的合同提案投票。 随后,代表着波音超过33000名西雅图地区机械师的IAM工会经表决,以59%的同意票决定接纳波音提 ...
- cristianna
- 昨天 16:55
- 支持
- 反对
- 回复
- 收藏
-
近日,爱立信中国区总裁方迎在接受《经济参考报》记者采访时表示,5G技术在全球范围内得到了迅速发展,但面临商业潜力未能充分挖掘、网络运营难度较以往更高两大挑战。因此,运营商在继续5G网络部署的同时,应关 ...
- blueskybb
- 前天 15:05
- 支持
- 反对
- 回复
- 收藏