If growth at a reasonable price is the goal, the world’s largest contract chip manufacturer fits the bill. Strong demand for artificial intelligence chips has delivered a stellar quarter for Taiwan Semiconductor Manufacturing Co.
Chips that are powerful enough to run AI servers are in high demand, helping propel Taiwan Semiconductor Manufacturing’s stellar financial results. Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) are up in premarket trading Thursday after the company announced its Q4 2024 earnings results.
The company’s chief executive said revenue from AI-related servers and processors is expected to double in 2025 after more than tripling last year
U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. rose in premarket trading Thursday after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for artificial intelligence demand.
TSMC's strong Q4 earnings, driven by AI demand and operational excellence, make it a high-quality investment. Click here to find out why I rate TSM stock a Buy.
Needham analyst Charles Shi has maintained their bullish stance on TSM stock, giving a Buy rating on January 8.Stay Ahead of the
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Taiwan Semiconductor Manufacturing (NYSE:TSM) on Thursday said it expects products for artificial intelligence (AI) applications to be the largest contributor to its overall revenue growth in the "next several years,