TSMC will release its financial report and hold a briefing this Thursday. Analysts believe that while TSMC is expected to deliver strong results, the third quarter outlook remains uncertain. Liao Wan-ting, General Manager of Uni-President Investment Consulting, stated that there have been recent reports of a slowdown in global computing power sales growth. She pointed out that if concerns about the AI supply chain and shipping difficulties are addressed at the investor briefing, the stock price will rebound. However, if some start suggesting that capital expenditures shouldn't be so high, it might confirm existing concerns. She stated that while AI growth is currently good, it hasn't reached the point where upward revisions are necessary, and supply chain bottlenecks have made everyone hesitant about the outlook for July's corporate earnings reports. Looking back, the market also questioned the development of AI last year; in fact, it has been a stop-and-go process. AI development is not yet in its later stages, so the current outlook for AI is not pessimistic. However, the stock price may face short-term corrections.
Huang Yi-ting, Chairman of First Securities Investment Consulting, stated that TSMC's briefing is crucial. If TSMC's financial report performs better than expected and the outlook is positive, then the Taiwan stock market will soon have a chance to move towards, or even break through, the previous high. Previously, Samsung announced strong financial results but subsequently plummeted, mainly because of the high leverage in the Korean stock market; therefore, the chances of replicating Samsung's case are slim.
