Is TSMC the Only AI Stock You Need?
Earnings season is kicking off again, and one of the biggest companies to report earnings so far is Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC as it's also known.
TSMC is the world's biggest manufacturer of semiconductors, and it pioneered the foundry model. Unlike most semiconductor manufacturers, TSMC doesn't do any chip design. It's a third-party foundry, meaning it only manufactures chips for other companies like Apple, Nvidia, Advanced Micro Devices, and others.
That position makes it a bellwether in the industry as it handles more than half of third-party chip production in the world and roughly 90% of advanced chip production. TSMC has already been a winner in the AI era, and those AI tailwinds were on display again in the second-quarter earnings report.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 28 Buy predictions and not a single Sell prediction Taiwan Semiconductor Manufacturing Co. Ltd. ADR is an absolute favorite of our community.
As a result the target price of 309 € shows a slightly positive potential of 4.92% compared to the current price of 294.5 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
