October 17, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Nvidia May Be Next

Please click here for a chart of Taiwan Semiconductor Manufacturing Company stock (TSM).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of TSM stock is being used to illustrate the point.
• TSM is the largest semiconductor foundry in the world for advanced semiconductors. TSM manufactures chips for the likes of Nvidia (NVDA) and Apple (AAPL).
• The chart shows the support/resistance zone.  This was previously the resistance zone.
• The chart shows that TSM has broken out in the early trade after reporting earnings.