Institutional research notes point to stronger order visibility for TSM’s HPC (high performance computing) segment. Futures technicals show a bullish pennant formation, often indicative of a continuation of the prevailing trend. Oil prices have tumbled over the past week, sending Brent crude futures ( BZ=F ) to their lowest level since the start of June. Investors are bullish on the stock, and demand for its innovative services is one of the primary reasons behind the sentiment. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has plans to grow its capital expenditures (capex) to between $38 billion and $42 billion in 2025, which translates to an annual growth of 28% to 41%. TSM futures breadth improved as semiconductor sector advance/decline ratios turned positive. This shift, coupled with upbeat Asia-Pacific tech manufacturing data, supports the case for sustained near-term appreciation.
