Intel will have TSMC manufacture its new line of 3nm chips. TSMC's 3nm production capacity was already close to maxed out before this announcement -- and may now be at full capacity.
The latest trading day saw TSMC (TSM) settling at $172.91, representing a -0.04% change from its previous close.
TSMC's revenue growth so far in 2024 suggests that it is well on its way to outperforming the market's expectations. The foundry giant's better-than-expected growth could earn it entry into the trillion-dollar market cap club.
CPI inflation data for May came in better than expected. Lower-than-anticipated inflation is spurring bullish momentum for AI leaders and other growth stocks.
Previously, I expressed cautious optimism toward chip-foundry juggernaut Taiwan Semiconductor (NYSE: TSM ). Today, I'm throwing caution to the wind and just going full-on bullish.
Taiwan has endured three major outages in the last seven years, accompanied by a slew of smaller disruptions in the past year. "Taiwan has both an energy crunch and, even more importantly, an electricity crunch," said the Atlantic Council's Global Energy Center.
Nvidia's foundry partner TSMC has more diverse growth opportunities thanks to the proliferation of AI. TSMC's cheap valuation and an acceleration in its growth make buying the stock a no-brainer right now.
TSMC is the largest foundry with over 50% market share, making it a solid investment choice for risk-averse investors given broad customer exposure. Despite a 60% increase in stock price since January, TSMC remains fairly valued and one of the cheapest among Big Tech/AI companies. TSMC has returned to growth in Q1 and has a strong outlook for 2024 and beyond, making it a promising 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.
As the two largest economies in the world, the United States and China, have been battling over ownership of the semiconductor manufacturing space, leading to access to the world's latest technology and artificial intelligence capabilities, an opportunity is brewing for investors.
Taiwan Semiconductor's chips are widely used in industry. 2024 and 2025 are slated to be strong years after a weak 2023.
Taiwan Semiconductor Manufacturing reported better-than-expected sales in May thanks to artificial intelligence chips and a recovery in PC demand.