NHL signs licensing deals with prediction-market startups Kalshi and Polymarket - WSJ
Investing.com -- Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) fell 2% in premarket trading as investors continue to move away from technology stocks due to uncertainties surrounding tariffs.
Despite the downturn, Citi maintains a positive outlook on TSMC's ability to navigate through these challenges, citing the company's leading-edge technology.
Citi analyst Laura Chen highlighted that although TSMC's prior mid-20s % YoY revenue guidance for 2025E and its long-term growth CAGR could face downward risks, the company's strong technological position is expected to provide resilience.
However, Chen foresees "likely muted smartphone & PC shipments and decelerating AI investment" which has prompted a reduction in the price target to NT$1,050 from NT$1,400, while still maintaining a Buy rating on the stock.
TSM's shares are currently trading 37% below their January peak.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.