Every year, Schaeffer's Senior Market Analyst Matthew Timpane chooses a few stock picks for traders that subscribe to fellow market news platform, MoneyShow.
TSMC is the world's leading semiconductor foundry. Training AI models would be less effective without the company's semiconductors.
TSMC is by far the biggest contract chip manufacturer in the world. Tech giants like Apple, Nvidia, and Broadcom count on the company as a key supplier.
Shares of chip-giant Taiwan Semiconductor (NYSE: TSM ) have cooled off lately following the broader market slowdown and geopolitical tensions. However, over the course of the year, the stock has been on fire, surging 61% year to date.
Recently, Zacks.com users have been paying close attention to TSMC (TSM). This makes it worthwhile to examine what the stock has in store.
TSMC experienced weakness in 2023 but is expected to recover in the second half with strong orders for its 3nm process technology, leading to robust growth in 2024. Foundry 2.0 expands TSMC's market opportunity to $250 billion in 2023, including front-end foundry services, back-end services, and IDM opportunities. TSMC's integration of foundry and OSAT services, along with strong process technology capabilities, customer partnerships, and AI factors, positions the company for continued growth and market share expansion.
High-profile chipmakers like Nvidia and AMD don't actually manufacture much of their own silicon. One company, in fact, makes most of the world's computer processors and related chips.
In the world of semiconductor stocks, Taiwan Semiconductor (NYSE: TSM ) remains a top stock investors continue to focus on. There are many reasons for the 64% move in TSM stock on a year-to-date basis.
Taiwan Semiconductor Manufacturing Co. (TSM), the world's largest contract chipmaker, said July revenue surged 45% year-over-year, showing buoyant demand for the chips that have helped power the artificial intelligence (AI) boom.
Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) posted a 45% revenue increase in July as feared slowdown from the artificial intelligence sector singularly failed to materialise. In fact, the performance represented an acceleration of growth compared with the previous quarter, driven by sustained AI demand.
Taiwan Semiconductor Manufacturing is still hampered by the former U.S. president's comments on the defense of Taiwan.
TSM Q2 results beat expectations, but the stock price suffered a pullback amid market panic. The price corrections, combined with the growth drivers reported in Q2, made it a strong GARP (growth at a reasonable price) candidate. This sector leader is currently trading at 0.91x PEG (P/E growth ratio).