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Watch These TSMC Price Levels as the Chipmaker's Earnings Report Looms

1. TSMC to report Q4 earnings; AI demand is a major focus. 2. Analysts forecast a quarterly profit of $11.4 billion. 3. Stock gained 80% in 2024; recent pullback observed. 4. Support levels at $190 and $175 are crucial before earnings. 5. Bullish price target set at $246 based on trend analysis.

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FAQ

Why Bullish?

Expectations of AI-driven demand could positively influence earnings results.

How important is it?

Earnings report crucial for investor sentiment; potential for significant price movements.

Why Short Term?

Earnings report on Thursday will immediately impact stock price movements.

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