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Taiwan Semi Stock Is Rising. An Analyst Sees More Demand From Intel and Apple. | Barron's

News Snapshot:

Taiwan Semiconductor Manufacturing shares are trading higher Monday, getting a boost from Morgan Stanley analyst Charlie Chan, who lifted his rating on the contract-chip-manufacturing giant to Overweight from Equal Weight, seeing a “a very positive longer-term outlook.” Chan cautions that in 2022, “a semi downcycle is emerging,” pointing to moderating consumer demand for personal computers, smartphones and televisions. He also sees “growing risk” of a slowdown in chips used in crypto mining given recent price volatility in…

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