Taiwan Economy Minister Kuo Jyh-huei said on Thursday that chipmaker TSMC would need government permission for any overseas joint ventures, but the government will not interfere in its decisions.
When it comes to artificial intelligence (AI) chip stocks, my guess is that names such as Nvidia, Broadcom, or Advanced Micro Devices come to mind first. While all three companies are playing an integral role supplying data centers with the latest AI hardware, these chip designers have to give a lot of credit to the foundry services of Taiwan Semiconductor Manufacturing (TSM -1.19%).
Having risen 49.56% in the last 12 months to its press time price of $192.33, it can hardly be said that Taiwan Semiconductor Manufacturing (NYSE: TSM) has been a poor performer during the ongoing artificial intelligence (AI) boom.
With a discounted valuation relative to its growth trajectory and a multi-year AI-driven demand cycle underway, TSM presents a compelling investment option.
Zacks.com users have recently been watching TSMC (TSM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The Taiwan Semiconductor Manufacturing Co TSM arbitrage trade presents an opportunity to monetize the premium in the ADR by buying the local shares while shorting the U.S. listing.
The latest round of 13F filings is out, which means investors can see what billionaire hedge fund managers have been doing with their money. One firm I follow is Coatue Management, run by billionaire Philippe Laffont.
TSMC (TSM) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
If you maintain your own portfolio, you should have a watch list. You want to perform your due diligence ahead of time so you're ready to pounce when opportunities present themselves.
Over the last couple of years, semiconductor stocks have been some of the biggest beneficiaries of the market's newest megatrend, artificial intelligence (AI). In particular, suppliers of graphics processing units (GPUs) to data centers such as Nvidia and Broadcom have witnessed abnormally high gains relative to those seen across the S&P 500 and Nasdaq Composite.
Chip investing has become a huge part of many investors' portfolios, whether they understand it or not. Chips are in nearly every device that consumers buy, but some of the most high-powered chips are produced by one company: Taiwan Semiconductor Manufacturing (TSM -0.88%).
Taiwan Semiconductor's recent earnings report shows strong profitability, driven by high-end AI chip sales, justifying a "strong buy" rating with potential for further gains in 2025. TSM's forward P/E ratio of 22.62x is significantly lower than competitors like Nvidia and Intel, indicating undervaluation and potential for price appreciation. Despite elevated forward price-sales ratio, technical indicators suggest recent downturns are overdone, presenting a buying opportunity as the stock nears the -2 Standard Deviation channels.