As many as 14 analysts have upgraded TSMC in the past two weeks. The company's stock has witnessed a 35% increase since the start of the year and a 60% rise over the past year.
Taiwan's Hon Hai Precision operating as Foxconn Technology Group has reported a significant increase in its first quarter net profit, despite a decline in revenue attributed to weakened consumer electronics demand.
Elon Musk's Tesla is likely to experience a significant decline in its stock value, according to a prominent investor. The investor's prediction is based on the company's recent developments and its future prospects.
On Monday, Cathie Wood’s Ark Invest made some significant trades, the most notable being the purchase of Shopify Inc (NYSE:SHOP) shares and the sale of Block Inc (NYSE:SQ) shares.
Gary Black, a prominent figure at Future Fund, has raised concerns over the low uptake of Tesla's Full Self-Driving subscription service. Only 2% of the free trial users have opted for the subscription, a figure that is below expectations.
Meme stocks, led by Keith Gill, have resurfaced on social media, causing GameStop's stock to surge by 74% and AMC's by 80%. ETFs like ARCA:STCE can capitalize on this trend.