Does Nvidia's Knockout Quarter Make Taiwan Semiconductor Stock a Buy?
By now, just about everyone has heard of an artificial intelligence (AI) company called Nvidia (NASDAQ: NVDA), if for no other reason than because its recent explosion in AI chip revenue is providing it with billions in incremental sales.
Some investors looking to cash in on Nvidia's popularity are going so far as to buy stock in Nvidia's longtime chip manufacturing partner, Taiwan Semiconductor Manufacturing (NYSE: TSM). But some caution might be prudent here.
TSMC will certainly be in line to benefit from the AI semiconductor boom. But elsewhere in the chip universe, matters aren't going so well.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€149.20
0.410%
With 22 Buy predictions and not a single Sell prediction Taiwan Semiconductor Manufacturing Co. Ltd. ADR is an absolute favorite of our community.
As a result the target price of 160 € shows a slightly positive potential of 7.24% compared to the current price of 149.2 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
