TSMC(US:TSM) Benzingaยท2025-01-10 15:35Core Viewpoint - Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) is experiencing strong momentum ahead of its fourth quarter earnings release, with significant revenue growth and positive stock performance [1][2][4]. Financial Performance - TSM reported December 2024 net revenue of NT$278.16 billion (approximately $8.44 billion), reflecting a 57.8% year-over-year increase and a 33.9% annual revenue growth over 2023 [2]. - Wall Street projects fourth quarter EPS at $2.19 and revenue around $26.19 billion, indicating expectations for another strong quarter [3]. Stock Performance - TSM stock has shown impressive gains, up 7.91% over the past month and 5.03% in the last five days, currently trading at $206.17 [2][3]. - Technical indicators suggest a bullish outlook for TSM stock, with key moving averages and an MACD of 3.82, alongside an RSI of 54.07 [3][6]. Market Outlook - Analysts express optimism regarding TSM's market leadership in advanced chip manufacturing, despite challenges in the broader semiconductor industry [4]. - The company's strong revenue performance in December highlights its resilience and market dominance, positioning it well to navigate industry difficulties [4].