00:00It's Benzinga bringing Wall Street to Main Street
00:02Taiwan Semiconductor stock fell in Tuesday's pre-market trading as investors took profits
00:07after a recent rally toward record highs, according to Benzinga. The pullback came even
00:12as NASDAQ and S&P 500 futures pointed higher. Shares remain just below their 52-week high
00:19of $476.79, a key resistance-level traders are watching. Analysts remained bullish on
00:27the chipmaker's long-term outlook, citing strong artificial intelligence chip demand,
00:32higher capital spending, and TSMC's competitive position. Barclays raised its price forecast to
00:38$625 from $470, while Morgan Stanley lifted its forecast by 12% to $2,888 New Taiwan dollars.
00:48The company is expected to report earnings on July 16th. Shares were down by 0.59% at $452.40
00:56in Tuesday's pre-market trading, according to Benzinga ProData. For all things money,
01:01visit Benzinga.com.
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