Taiwan Semiconductor Manufacturing Co Ltd

TSM remains in a healthy uptrend under Stage 2 with consistent higher highs and lows, but current overbought status and extension above the 9/20/50 EMAs without a clean pullback warrant patiently stalking for a retracement into the 423–427 EMA support zone for a higher-probability entry.

• ↑Q2 revenue $40.2B (+38% YoY), driven by AI and HPC demand
• ↑Gross margin improved 150bps sequentially to 67.7%
• ↓Negative earnings yield indicates possible stock overvaluation