TSMC Shares Surge 2.74% After U.S. Grants Export License for Nanjing Facility
- Stock Surge: TSMC shares rose 2.74% in premarket trading on January 2, 2026, reaching $312.25, primarily driven by the U.S. Department of Commerce granting an annual export license for importing chipmaking equipment to its Nanjing facility, which alleviated significant regulatory uncertainty for investors.
- Operational Stability: The newly granted export license allows TSMC to import U.S. export-controlled equipment to its Nanjing plant without needing individual vendor licenses for each transaction, ensuring uninterrupted operations and product deliveries, thus addressing near-term operational concerns among investors.
- Strong Market Demand: TSMC is in discussions with Nvidia to expand production of H200 AI chips for the Chinese market, with over 2 million units already ordered for 2026, further solidifying TSMC's critical role in the global AI semiconductor supply chain.
- Future Outlook: Despite regulatory risks, TSMC's fourth-quarter earnings report is scheduled for January 15, 2026, and market analysts expect it to provide further insights into how AI chip demand and regulatory developments are influencing revenue forecasts and production plans.
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Technical Analysis for MMT
Technical Sentiment Analysis for Momentum (MMT) As of , Momentum (MMT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MMT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MMT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Momentum (MMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0203 | 0.0664 | 0.11 | 0.156 | 0.199 | 0.245 | 0.288 |
| Fibonacci | 0.0664 | 0.1 | 0.122 | 0.156 | 0.19 | 0.211 | 0.245 |
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