00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Taiwan's semiconductor shares fell 1.98% to $436.13 in pre-market trading on Friday
00:10as investors pulled back from semiconductor stocks, according to Benzinga.
00:15NASDAQ futures fell 0.9% while S&P 500 futures declined 0.36%.
00:21TSM shares were down by 2.94% at $431.85, according to Benzinga Prodata.
00:28Broadcom's strong earnings failed to impress investors after the company left its long-term
00:33AI revenue outlook unchanged, triggering profit-taking across the AI chip sector.
00:37Taiwan Semiconductor's position near the top of its 52-week range leaves it exposed to
00:42profit-taking during periods of weak market sentiment.
00:45Analysts remain broadly bullish, with Barclays setting a $470 price target,
00:51Needham at $480, and DA Davidson at $450.
00:55Wall Street expects earnings of $3.69 per share,
00:59and revenue of $39.76 billion when the company reports on July 16th.
01:05For all things money, visit Benzinga.com.
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