Is Taiwan Semiconductor Stock a Buy Now?
Portfolio Pulse from
Taiwan Semiconductor Manufacturing (TSMC) has seen a significant increase in its stock price, up about 75% year to date, driven by the AI infrastructure buildout.
December 03, 2024 | 1:30 am
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Taiwan Semiconductor Manufacturing (TSMC) has experienced a 75% increase in its stock price this year, largely due to the growth in AI infrastructure.
The significant rise in TSMC's stock price is attributed to the increased demand for AI infrastructure, which TSMC is a key supplier for. This trend is likely to continue, suggesting a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100