What's Going On With Cipher Digital Stock Wednesday?
Cipher Digital (CIFR) drops 8% to $16.99 amid market drag. Key technical levels: $16 support and $18 resistance.
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Taiwan Semiconductor stock edges higher in premarket trading after a drop. Explore key support levels, price targets, and technical outlook.
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Cipher Digital (CIFR) drops 8% to $16.99 amid market drag. Key technical levels: $16 support and $18 resistance.
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Wall Street snapped a two-day losing streak Thursday as oil retreated from its geopolitical spike and the 10-year Treasury yield slipped back below 5%. Chipmakers led the rebound, with Intel, AMD and Micron all posting outsized gains, while gold climbed 2.5% to $4,369 an ounce. The bounce came one day after the Federal Reserve delivered its first interest rate hike since 2023 and signaled at least one more this year.
TSMC (TSM) closed at $434.67, up 1.02%, outperforming the S&P 500. The chip company is forecasted to report EPS of $4.45 (up 52.4% YoY) and revenue of $45.54 billion (up 37.59% YoY). TSMC holds a Zacks Rank #2 (Buy) with a Forward P/E of 26, in line with industry averages. The Semiconductor - Circuit Foundry industry ranks in the top 5% of sectors.