Taiwan Semiconductor's Pre-Q3 Earnings: ETFs in Focus
Upcoming Earnings Report: Taiwan Semiconductor (TSMC) is set to report its third-quarter 2024 results on October 17, with earnings expected at $1.74 per share and revenues of $22.72 billion, driven by strong demand for AI-related chips.
Stock Performance and Outlook: TSMC's stock has risen approximately 75% this year, with analysts projecting continued revenue growth due to AI demand; however, the stock's valuation remains higher than the industry average.
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- Technology Sector Performance: The technology sector has underperformed compared to the overall market, showing a decline of 3% in early 2026.
- Sector Ranking: Among the 11 major sectors, technology ranks ninth in performance.
- Nvidia's Stock Performance: Nvidia shares experienced a decline on Friday, continuing a downward trend from the previous session.
- Earnings Report Context: This drop in stock price occurred despite the company reporting strong earnings, indicating market volatility or investor reactions.
- Stock Market Volatility: Individual stock returns have been inconsistent, creating potential buying opportunities for investors.
- Investment Opportunities: Cybersecurity and financial services sectors are highlighted as promising areas for investment.

Technology Sector Performance: The technology sector saw a 4% surge on Friday, as indicated by the State Street Technology Select Sector SPDR ETF.
Weekly Closing Status: Despite the Friday surge, the ETF closed the week down 1.9%, marking its second-largest trading volume in nearly four years.
2026 Performance Context: Technology remains the worst-performing sector among the 11 S&P sectors in 2026, with a decline of 2%.
Market Trends: The fluctuations highlight ongoing volatility and challenges within the technology sector amidst broader market conditions.

Technology Sector Performance: The technology sector saw a 4% surge on Friday, as indicated by the State Street Technology Select Sector SPDR ETF.
Weekly Closing Status: Despite the Friday surge, the ETF closed the week down 1.9%, marking its second-largest trading volume in nearly four years.
2026 Performance Context: Technology remains the worst-performing sector among the 11 S&P sectors in 2026, with a decline of 2%.
Market Trends: The fluctuations highlight ongoing volatility and challenges within the technology sector amidst broader market conditions.

- Software Stocks Performance: Software stocks have experienced a poor start to the year, indicating a challenging market environment.
- Technical Indicators: Current technical indicators suggest that there may not be an immediate recovery for these stocks.










