Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's 'Halftime Report' to discuss why he's trimming the chip stock.
Recently, Zacks.com users have been paying close attention to TSMC (TSM). This makes it worthwhile to examine what the stock has in store.
TSM's premium P/E reflects its AI-driven dominance, robust growth and innovation, making it a compelling long-term investment.
Taiwan Semiconductor Manufacturing (TSM 1.80%) is one of the world's most important companies. Its manufacturing and technological capabilities are greater than those of its competitors, which is why it makes chips for nearly every leading tech company globally.
Taiwan Semiconductor (TSM 1.80%) might not be a household name, but it's probably the most important company most people have never heard of.
In the latest trading session, TSMC (TSM) closed at $204.30, marking a +1.8% move from the previous day.
TSMC (TSM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Taiwan Semiconductor Manufacturing Co. (TSM) reportedly is in talks with Nvidia (NVDA) to produce the artificial intelligence (AI) darling's Blackwell chips at the contract manufacturer's new plant in Arizona.
Watching the moves of billionaire hedge fund managers is a wise investment strategy because these investors didn't get to their status without making some smart decisions.
Nvidia chipmaker Taiwan Semiconductor Manufacturing is above a new buy point following Monday's bullish advance. The post Nvidia Chipmaker Taiwan Semi Hits Buy Point Following Bullish Advance appeared first on Investor's Business Daily.
Up about 75% year to date as of this writing, Taiwan Semiconductor Manufacturing (TSM 5.28%), or TSMC for short, has been on a strong run this year as it has benefited from the AI infrastructure buildout.
Shares of Taiwan Semiconductor (TSM 5.05%) were moving higher today even though there was no company-specific news out on the stock. Instead, investors seemed to react positively to news that Intel CEO Pat Gelsinger had retired over the weekend, apparently being pushed out after the stock had flailed under his tenure.