JHVEPhoto Thesis In my previous article on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), I rated the stock as a "strong buy" explaining that my near-term stock price estimate stood at $238.47, which suggested a 69.8% upside from the stock price at that time of $144. Additionally, I suggested that for 2029, the stock could achieve a cost of $418.49. This last number suggested annual returns of around 33% throughout 2029. TSMC released Q1 2024 earnings on April 18. TSMC reported earnings ...

Have you been paying attention to shares of TSMC (TSM) ? Shares have been on the move with the stock up 16.9% over the past month. The stock hit a new 52-week high of $184.86 in the previous session. TSMC has gained 72.8% since the start of the year compared to the 26.1% move for the Zacks Computer and Technology sector and the 72.8% return for the Zacks Semiconductor - Circuit Foundry industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed ...

TSMC isn't a cheap stock -- but it's probably not going to get much cheaper than this for the next couple of years.Taiwan Semiconductor Manufacturing (TSM 2.09%) stock was up 2.1% through 2 p.m. ET Tuesday. As hometown daily paper DigiTimes reported this morning, Intel has tapped TSMC to manufacture its new line of 3nm semiconductor chips for notebook computers.What's more, production of the chips is already commencing. What it means for Intel... and for TSMCThis sounds like good news for Intel... and for T ...

TSMC (TSM) closed the latest trading day at $172.91, indicating a -0.04% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.23%. Meanwhile, the Dow experienced a drop of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.34%.Prior to today's trading, shares of the chip company had gained 11.18% over the past month. This has outpaced the Computer and Technology sector's loss of 2.01% and the S&P 500's gain of 3.96% in that time.The upcoming e ...

The leading chip foundry is closing in on that milestone.Semiconductor stocks have been roaring higher over the past year as demand for artificial intelligence (AI) chips has surged, which is evident from the 57% gains clocked by the PHLX Semiconductor Sector index during the period. Foundry giant Taiwan Semiconductor Manufacturing (TSM 4.39%), popularly known as TSMC, has also benefited, clocking gains of 71% over the past 12 months.This healthy surge in TSMC stock has brought the company's market cap to $ ...

Bullish macroeconomic data and AI momentum are boosting the semiconductor leader's valuation.Taiwan Semiconductor Manufacturing (TSM 4.50%) stock is making big gains in Wednesday's trading. The chip fabrication leader's share price was up 4.8% as of 2: 15 p.m. ET, according to data from S&P Global Market Intelligence.While there wasn't much in the way of business-specific news pushing the company's share price higher, TSMC stock benefited from some favorable economic data and an ongoing rally for artificial ...

In this article2330-TWA chip made by Taiwan Semiconductor Manufacturing CompanyTSMCElectricity squeezeImplications for the chip sectorTaiwan's industrial consumers accounted for over 55% of its electricity consumption in 2023, according to the Atlantic Council's Webster. These consumers, including semiconductor firms, often require constant and reliable access to electricity."If Taiwan is forced to ration electricity more frequently in the future due to limited supplies, its semiconductor firms will suffer, ...

Nvidia is winning big from the growing adoption of AI chips, but this semiconductor company seems better positioned to make the most of the AI opportunity.Nvidia (NVDA 0.75%) has had an unforgettable run on the stock market since the beginning of 2023. Shares of the graphics card specialist have risen a whopping 727% in less than 18 months thanks to the crazy demand for chips required for training and deploying artificial intelligence (AI) models.Its top and bottom lines have been growing at an unprecedente ...

Sundry Photography Investment Thesis TSMC (NYSE:TSM) is the largest foundry (which makes chips for fabless companies) with over 50% market share, and even higher at the leading edge. That makes it a solid investment choice for risk-averse investors, akin to investing in a semiconductor ETF, in my view. Although the stock is up 60% since the rating upgrade in January, the increase in earnings estimates and undervaluation at the time (compared to long-term growth prospects) means the stock remains fairly ...

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.The opportunity comes as the U.S. sets aside a war chest to invest in the technology sector's supply chain power stance. The CHIPS and Science Act grants billions upon billions of dollars to semiconductor stocks with the potential ...