AI Continues to Drive Growth at Taiwan Semiconductor Manufacturing, but Is the Stock a Buy?

While the investor reaction to its most recent earnings report was largely muted, Taiwan Semiconductor Manufacturing (TSM 3.88%), or TSMC for short, once again reported another quarter of strong revenue and profit growth. As the leading semiconductor manufacturer in the world, the company continues to benefit nicely from the rise in demand for artificial intelligence (AI) infrastructure.Let's take a closer look at TSMC's results and prospects to see if investors should buy the stock at current levels.An AI ...