Is It Too Late to Buy Taiwan Semiconductor Stock?
The emergence of artificial intelligence (AI) caused a number of tech stocks to skyrocket over the past year, including Taiwan Semiconductor Manufacturing (NYSE: TSM). The company is a key enabler of AI, since it's a maker of computer processing chips used in AI systems.
As such, it's not surprising the firm's share price nearly doubled from a 52-week low of $81.21 last April to $158.40 in March. Does this outsized price gain mean you've missed the boat to buy?
Perhaps not. But before deciding to scoop up shares, it's important to assess whether Taiwan Semiconductor Manufacturing Company, popularly known as TSMC, is a worthwhile long-term investment.
Source Fool.com
