Is Taiwan Semiconductor (TSM) a Must-Buy on 29.6% Rise in 6 Months?
TSMC(TSM) ZACKS·2024-08-24 02:05
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) shares have shot up 29.6% in the past six months, outperforming the Zacks Computer & Technology sector and the S&P 500 Index’s returns of 13.1% and 10.7%, respectively. Expectations of strong top-line growth in the third quarter on the back of the increasing proliferation of Artificial Intelligence (AI) appear to have catalyzed this bullishness.The company has been a major player in the semiconductor industry, which is witnessing a solid rebound on the o ...