1 Phenomenal Semiconductor Stock Set to Explode in 2024
No matter what technology you're talking about -- electric vehicles, artificial intelligence, smartphones, or practically any other high technology area -- they utilize a massive amount of chips. As a result, a neutral company like Taiwan Semiconductor Manufacturing Company (NYSE: TSM), also known as TSMC, makes for an excellent investment.
It also looks like a great value right now, and buying it now could make you look like a stock-investing genius in 2024.
TSMC is the world's largest contract chip manufacturer, which means it outsources its abilities to hardware producers like Apple and Nvidia. While it won't reach the highs that many of these businesses do, it won't go as low during a downturn. This makes TSMC an excellent investment for those who want exposure to tech but also want to be a bit more conservative.
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 173 € there is a slightly positive potential of 13.07% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 153.0 €.
