Is Taiwan Semiconductor Stock a Buy Now?
Taiwan Semiconductor Manufacturing (NYSE: TSM) is on a roll. On the heels of a three-year slump in chipmaking services, TSMC is facing unprecedented production demand. The artificial intelligence (AI) surge that started two years ago seems to have legs for years, and that's not even the whole story -- modern cars need a ton of processors, and the smartphone market is also coming back from a long downturn.
So, TSMC's stock has doubled in 2024. Its market cap has been hovering around the rare $1 trillion level since October.
At the same time, TSMC shares are trading at lofty valuation ratios. Is the stock overvalued today, or is TSMC still a great buy at today's high prices?
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€170.20
-1.390%
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 207 € there is a positive potential of 21.62% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 170.2 €.
