- Options traders price a nearly 4% post-earnings move for TSMC ahead of Thursday's pre-market Q3 release, an expected volatility corridor of roughly $16.60 per share.
- TSM traded down 3.6% to $429.06 in Wednesday midafternoon trading.
- Strong earnings from global chip majors have failed to boost the AI trade, leaving Taiwan Semiconductor Manufacturing Co. a high bar to impress investors.
- Analysts are raising EPS and revenue forecasts, with investors focused on margins, AI chip demand and the 2nm ramp.
Quotes
“framing an expected volatility corridor of roughly $16.60 per share”