Is Taiwan Semiconductor Stock a Buy Now?
Among the world's largest semiconductor makers, Taiwan Semiconductor Manufacturing (NYSE: TSM) -- popularly known as TSMC -- stands second only to Nvidia. While artificial intelligence (AI) darling Nvidia outsources the manufacturing of its chip designs, TSMC is the one doing the building.
Nvidia is far from the only one. TSMC's other customers include several tech titans, such as Advanced Micro Devices and Apple. With the explosion in customer demand for semiconductor chips to power artificial intelligence, TSMC's business is booming.
This also means the chip manufacturer's shares have soared. Last October, TSMC stock was at a 52-week low of $84.95 before beginning a steady climb. After reporting third-quarter results on Oct. 17, the stock hit an all-time high of $212.60.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is one of the favorites of our community with 28 Buy predictions and 2 Sell predictions.
With a target price of 403 € there is a slightly positive potential of 8.63% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 371.0 €.
