TSMC decline exceeds market, signaling stock-specific pressure relevant to tech investors.
Context
What happened: TSMC (TSM) closed at $457.99, down 3.01% from the prior session, underperforming the S&P 500, which lost 0.47%. The Dow gained 0.1% and the Nasdaq lost 1.25%.
Key numbers: Close $457.99, down 3.01%. S&P 500 -0.47%, Dow +0.1%, Nasdaq -1.25%. Earnings due October 15, 2026. EPS estimate $4.45, up 52.40%. Revenue estimate $45.62 billion, up 37.83%.
Why it matters: The investment community will closely monitor TSMC's forthcoming earnings report. The Zacks Consensus EPS estimate has moved 0.07% higher over the last 30 days, and TSMC holds a Zacks Rank of #2 (Buy).
Market: -1.0% by next close ($453.31 on Oct 9), +35.3% YTD
What changed
TSMC (TSM) closed at $457.99, down 3.01% from the prior session, underperforming the S&P 500, which lost 0.47%. The Dow gained 0.1% and the Nasdaq lost 1.25%.
Why it matters
The investment community will closely monitor TSMC's forthcoming earnings report. The Zacks Consensus EPS estimate has moved 0.07% higher over the last 30 days, and TSMC holds a Zacks Rank of #2 (Buy).
Market: -1.0% by next close ($453.31 on Oct 9), +35.3% YTD