2330 Stock Latest Update: Can TSMC Continue Its Rally?

1.2330 Latest Stock Performance

As of the latest trading day, TSMC (2330) shares closed at about TWD 1,320, down approximately 1.49%. Over the past month, TSMC (2330) stock posted strong gains, and its long-term trend still shows room for growth. Additionally, TSMC’s ADRs performed notably well, with a recent upward trajectory reflecting market optimism for future demand. However, the short term still sees intraday pullbacks and profit-taking pressure, with some trading days ending lower. Overall, TSMC stock is fluctuating at elevated levels, with its future direction remaining uncertain.

2.Key Drivers of Price Movement

Performance/Financial Results: In Q2 2025, TSMC delivered robust operating results; net profit after tax and revenue both surpassed expectations, with EPS reaching TWD 15.36 and gross margin at 58.6%. More importantly, TSMC raised its 2025 sales forecast, projecting Q3 revenue between USD 31.8 billion and USD 33.0 billion, boosting investor confidence.

Industry Trends and Demand: Demand continues to grow for AI, cloud computing, and HPC (High Performance Computing) applications. This drives sustained need for advanced chips and manufacturing processes. As the industry leader, TSMC benefits from high-margin orders for its 3nm, 5nm, and 7nm technologies, supporting stable performance.

International/Macro Factors: Global market volatility, interest rate policy shifts, New Taiwan dollar (TWD) exchange rates, and US-China trade relations all affect foreign investment and market sentiment. If the Federal Reserve delays rate cuts or tightens policy, it could create short-term pressure on TSMC (2330) share prices.

Capital Operations and Disclosures: Recently, TSMC subsidiaries have invested in fixed-income securities, highlighting ongoing optimization in asset allocation. Capital expenditures, R&D investment, and process yields also remain key indicators in evaluating TSMC’s value.

3.Technical Analysis and Short-Term Market Risks

• Resistance and Support: If TSMC (2330) repeatedly pulls back from highs, resistance is likely in the TWD 1,350–1,380 range, with support near TWD 1,200–1,250.
• Volume and Turnover: Rising prices with increased volume signal strength, while shrinking volume suggests weak upward momentum. Recently, higher prices have seen subdued volume, signaling cautious market sentiment.
• Foreign Institutional Activity: Ongoing net buying by foreign investors helps support the share price, while a shift to net selling could trigger a correction.
• High-Level Volatility Risk: During periods of elevated volatility, new investors are advised to manage capital prudently and avoid buying at elevated prices to mitigate the risk of short-term losses.

4.Advice for New Investors

• Investors should avoid buying at elevated prices. If share prices approach recent highs, wait for a pullback or a confirmed breakout before entering.
• Build positions gradually at support levels if maintaining a positive long-term outlook.
• Implement stop-loss strategies promptly if prices fall below key support to control risk.
• Monitor financial results, orders, and policy developments closely and adjust strategies as needed.
• Diversify holdings and do not concentrate capital in a single stock; maintain portfolio flexibility.
• Maintain positions with discipline. Once a trend is confirmed, maintain a consistent strategy and limit frequent trading.