TSMC Earnings Report on October 17 to Impact Semiconductor Sector After ASML's Weak Forecast; Shares at Record High

Taiwan Semiconductor Manufacturing Company (TSMC) is set to report its earnings on October 17, 2024, which is anticipated to significantly impact the semiconductor sector. The company’s shares have recently rebounded to a record high, but this momentum faces scrutiny following ASML's disappointing earnings forecast, which has raised concerns among chip investors. Market analysts are closely watching TSMC's results to determine whether ASML's poor performance indicates broader sector issues or is an isolated case. The earnings report is expected to be a critical event for the semiconductor market, as TSMC is a key player, producing approximately 90% of the world's chips used in smartphones and AI applications.