TSMC (2330) will hold a legal seminar on Thursday (12th) The law began early yesterday (9th) as the strong rise of the ADR on Friday (6th) and the rise of the three major US indices stimulated market confidence. For bets talking in the market before the meeting, the highest price on the closing day was 481 yuan, an increase of 22.5 yuan or 4.9%, and the market value returned to 12 trillion yuan, reaching 12.47 trillion yuan. The market value increased by more than 583.4 billion yuan in one day.
TSMC surged yesterday, adding about 180 points to the broader market and leading Taiwan's 378-point gain, while semiconductor index factories such as MediaTek, ASE and UMC also rose with the biggest gains. It made the 2% semiconductor group once again the center of disk popularity.
Due to semiconductor inventory adjustments, the entity has a "non-conservative" view of TSMC's market prospects. Foreign investors warned that TSMC's revenue could grow to zero this year and could even face a recession. Under a sky full of bad news, the market believes that TSMC's future prospects "will not go bad"! Expect a wave of bad news ahead of the courtroom meeting, prompting funds to bet.
Foreign investors extended their purchase of more than 29,000 shares of TSMC yesterday, buying more than 29,000 shares for three consecutive trading days, the biggest momentum that boosted TSMC's share price yesterday. In the case of chips, the concentration of chips reached 46.17%, and foreign ownership increased to about 71.01%.
The industry believes that the current market sentiment on TSMC's prospects is too pessimistic. It's the current quarter, but the worst-case scenario is expected to be the first quarter of this year.
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