Is Taiwan Semiconductor Stock a Buy Now?
Up about 75% year to date as of this writing, Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC for short, has been on a strong run this year as it has benefited from the AI infrastructure buildout.
Given the stock's strong performance this year, the question on many investors' minds is whether the stock is still a buy. Let's look at why the stock remains well positioned, as well as some potential risks that it does face.
TSMC is the world's leading semiconductor contract manufacturer, and produces chips for some of the largest tech companies in the world, including Apple and Nvidia. Manufacturing chips is a capital-intensive business that requires building expensive foundries, and high utilization levels are necessary to ensure profits, which is why many of the world's top semiconductor companies outsource their chip manufacturing.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 26 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 288 € shows a slightly positive potential of 4.73% compared to the current price of 275.0 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
