Is TSMC's stock on the NYSE affected by fluctuations in the digital currency market?

1 answers

• Dec 17, 2021 · 3 years ago
  Indeed, the stock price of TSMC on the NYSE can be influenced by fluctuations in the digital currency market. The rise and fall of digital currencies can impact the demand for mining hardware, which is a key component in the production of digital currencies. TSMC, being a major supplier of semiconductor chips used in mining equipment, can experience changes in revenue and demand based on the performance of digital currencies. However, it's important to note that TSMC's stock is also influenced by other factors such as overall market conditions, industry trends, and company performance.
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