TSMC Secures One-Year Export License for Nanjing Plant from U.S.
- Export License Renewal: The U.S. Department of Commerce has granted TSMC a one-year export license for its Nanjing plant, ensuring uninterrupted access to U.S. chipmaking equipment and preventing potential supply disruptions starting January, which is crucial for maintaining operational continuity.
- Revenue Contribution: The Nanjing facility accounted for approximately 2.4% of TSMC's total revenue in its 2024 annual report, highlighting its importance in the company's financial performance despite primarily producing 16-nanometer and other mature node chips.
- Surging Market Demand: Alongside securing the export license, TSMC faces significant pressure from Nvidia, which has requested accelerated production of H200 chips, with mass production expected to commence in Q2 2026, further enhancing TSMC's capacity utilization.
- Analyst Optimism: Wall Street analysts have raised their price targets for TSMC, with Bernstein increasing its target from $290 to $330 based on TSMC's plan to boost Chip-on-Wafer-on-Substrate output to 125,000 wafers per month by the end of 2026, reflecting strong market confidence in its growth prospects.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI 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, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00937 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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