Is Taiwan Semiconductor Manufacturing (TSMC) a Buy on the Dip?
TSMC(TSM) The Motley Fool·2024-07-30 11:53Why the recent sell-off in the stock could be a buying opportunity.After a strong start to the year, shares of Taiwan Semiconductor Manufacturing (TSM -1.19%), or TSMC for short, have cooled off recently following some geopolitical worries. The stock is still up over 50% year to date, but down about 17% from its recent highs. The question for investors is whether TSMC is a buy following the pullback in the stock.Riding the AI semiconductor waveTSMC is a semiconductor contract manufacturer, which means that ...