TSMC Profit Soars. Is Now a Great Time to Buy the Stock?
TSMC(TSM) The Motley Fool·2024-07-19 20:31
Is the recent sell-off in the stock overdone?Shares of Taiwan Semiconductor Manufacturing (TSM 0.39%), or TSMC for short, didn't accelerate higher Thursday despite the semiconductor contract manufacturer reporting strong second-quarter results and lifting its guidance. Reports of tougher export restrictions on semiconductors coming from the U.S. government and comments from presidential candidate Donald Trump weighed on the stock.Let's take a closer look at TSMC's most recent results and whether now is a go ...