TSMC Exceeds Revenue Forecasts, AI Chip Demand Remains Strong

TSMC's revenue exceeding estimates and strong demand for AI chips is fundamentally positive news. Technically, the stock price has risen over 7% in the last 24 hours and closed above the 20-day moving average, supporting short-term momentum. However, the RSI is approaching 67, entering overbought territory, and the MACD is slightly below the signal line, increasing the likelihood of consolidation or a minor pullback. Overall, considering the positive impact of the news and the upward momentum, limited upside movement can be expected in the short term.

TSMC's performance surpassing expectations and the strength in AI chip demand serve as a positive signal for the global technology and semiconductor sectors. This development could boost optimism toward related sectors in stock markets and support broader market risk appetite. In Turkey, technology-focused companies and stocks with international exposure may benefit positively from this global trend.

The news highlights the strong performance of TSMC, a key supplier to NVDA, and the demand for AI chips, which creates a positive fundamental backdrop for NVDA. Technically, the price is above the SMAs and the MACD is positive, but the RSI is near the overbought zone at 73, increasing the likelihood of short-term consolidation or a slight correction. Overall, due to the positive news and the uptrend, upward pressure can be expected in the short term, but the move may be limited due to overbought conditions.

The news highlights the strong performance of TSMC, AMD's key manufacturing partner, and the demand for AI chips, which creates a positive environment for AMD. Technically, the price is above the SMAs and the RSI is in overbought territory, indicating a risk of short-term correction. However, strong MACD and high closing prices suggest the upward momentum may continue. Limited upside movement is expected in the short term, but caution is advised due to overbought conditions.