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Taiwan Semiconductor, ASML Face Earnings Test; Telecom Stock Also On Deck

VIDYA RAMAKRISHNAN
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⚡ Quantum Brief
Taiwan Semiconductor (TSM) is nearing a 390.20 buy point in a cup base ahead of its Q1 earnings report, per IBD MarketSurge data, as global chipmakers face investor scrutiny amid geopolitical tensions. ASML, the Dutch semiconductor equipment leader, also approaches a technical buy point before its earnings release, reflecting broader market anticipation around AI-driven chip demand and supply chain stability. Telecom Italia (TIM) ADRs are positioned near a breakout as earnings loom, signaling potential investor interest in telecom infrastructure amid rising AI and quantum computing data transmission needs. Geopolitical risks escalate as President Trump’s May meeting with China’s Xi Jinping will address AI and Taiwan, directly impacting semiconductor stocks like TSM and ASML given their reliance on cross-strait stability. Market volatility persists after Trump’s Strait of Hormuz shipping restrictions, adding pressure to tech-heavy stocks as earnings season tests resilience in an uncertain macroeconomic and geopolitical climate.
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REEAKING: Why Bloom Energy Is Soaring LateWith first-quarter earnings moving into full gear amid continuing war woes, three stocks in Investor's Business Daily's global leaders screen are notable as they set up in bases in Monday's stock market ahead of earnings reports.

Taiwan Semiconductor Manufacturing (TSM) is in a cup base that has a buy point of 390.20, according to IBD MarketSurge. On Friday, the Hsinchu,… 4/13/2026 Indexes reverse higher after President Donald Trump said ships will not be allowed to through the Strait of Hormuz Monday. 4/13/2026 Indexes reverse higher after President Donald Trump said ships will... AI and Taiwan will be on the agenda when President Donald Trump meets with Chinese leader Xi Jinping in Beijing in May. (© Chris Gash)Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!Get market updates, educational videos, webinars, and stock analysis.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.©2026 Investor’s Business Daily, LLC.

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