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Is Taiwan Semiconductor Manufacturing Stock a Buy Now?

TheMotleyFool

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Is Taiwan Semiconductor Manufacturing Stock a Buy Now?: https://g.foolcdn.com/editorial/images/690269/man-chip-wafer.jpg

Taiwan Semiconductor Manufacturing (NYSE: TSM), the contract chipmaking giant more commonly known as TSMC, posted its second-quarter earnings report on July 14. Its revenue rose 37% year over year to $18.16 billion, which beat analysts' estimates by $580 million.

Its diluted earnings rose 67% to $1.55 per American depositary share, which also exceeded analysts' expectations by a nickel. Those headline numbers were impressive, but is it the right time to buy TSMC's stock?

Image source: Getty Images.

Source Fool.com

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