Is TSMC the Only AI Stock You Need?
Earnings season is kicking off again, and one of the biggest companies to report earnings so far is Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC as it's also known.
TSMC is the world's biggest manufacturer of semiconductors, and it pioneered the foundry model. Unlike most semiconductor manufacturers, TSMC doesn't do any chip design. It's a third-party foundry, meaning it only manufactures chips for other companies like Apple, Nvidia, Advanced Micro Devices, and others.
That position makes it a bellwether in the industry as it handles more than half of third-party chip production in the world and roughly 90% of advanced chip production. TSMC has already been a winner in the AI era, and those AI tailwinds were on display again in the second-quarter earnings report.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
With a target price of 219 € there is a slightly positive potential of 9.23% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 200.5 €.
