TradingKey – Although TSMC ( TSM) had its target price raised by several institutions after recently releasing strong second-quarter earnings. However, TSMC’s stock price still lost the $400 mark today, falling to its lowest point in nearly two months. As of writing, it was down 2.43% to $399.80.

Source: TradingView

Data show that the company’s second-quarter net profit increased by 77% year-on-year, while its revenue, gross margin, operating margin, and third-quarter revenue guidance all comprehensively exceeded market expectations. Meanwhile, the proportion of advanced processes continued to rise, and AI-related orders remained the largest growth driver.

As of July 17, 7 analysts have rated TSMC, with the highest target price at $650,…