Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, is the world's leading semiconductor foundry, which supplies chips to the top chip designers. Its shares shot up 10% on Nov. 15 after it emerged that the company of famous investor Warren Buffett -- Berkshire Hathaway -- bought a $4.1 billion stake in the Taiwan-based company.

Buffett's move brought respite to beleaguered TSMC investors, who have witnessed a 38% slide in the stock's value in 2022 despite a string of impressive quarterly results. But can this semiconductor bellwether sustain its newly found momentum and fly higher in 2023? Or will the negativity surrounding tech stocks hang heavy on TSMC stock next year and cause it to crash once again? Let's find out.

The sell-off in Taiwan Semiconductor Manufacturing's stock this year isn't justified if we look at the pace at which its revenue and earnings have increased.

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Source Fool.com