Why Taiwan Semiconductor Stock Popped Today
Shares of Taiwan Semiconductor (NYSE: TSM) were surging today after the company delighted investors with its fourth-quarter earnings report, forecasting a return to revenue growth in the first quarter after a cyclical slowdown in the semiconductor sector.
While the results in the fourth quarter itself were relatively weak, it still beat estimates, and guidance was strong enough to give TSMC (as it's also known) a boost and propel many of its chip-designing customers higher, including Intel, AMD, Broadcom, and Nvidia.
As of 11:28 a.m. ET on Thursday, shares of TSMC were up 8.1% on the news.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€149.20
0.410%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 160 € there is a slightly positive potential of 7.24% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 149.2 €.
