TSM Stock Recent News
TSM LATEST HEADLINES
Palantir Technologies is on an unstoppable tear. Even after a strong performance in 2024 where it soared 341%, it's up another 78% so far this year.
Since bottoming in early April, the stock market has come roaring back. The S&P 500 closed out the second quarter at an all-time high, less than three months since President Donald Trump's "liberation day" sent stocks tumbling lower.
TSMC is poised to benefit significantly from the ongoing AI boom due to its dominant foundry market share. TSMC may be seen as lagging behind the broader AI market and be seen as undervalued from its low P/E and high CAGR. TSMC manufactures the world's most advanced chips, especially those smaller than 5nm, positioning it as a leader in the industry.
Digging into three highly-ranked Zacks stocks benefiting directly from the artificial intelligence spending boom to consider buying in July, not named Nvidia.
Needham's Charles Shi doesn't expect TSMC to have any real competition for several years.
TSMC (TSM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
With the year half over, it's clear that one theme has dominated the market: artificial intelligence. AI remains the prevailing theme because AI hyperscalers continue to invest substantial amounts of money in it.
TSMC (TSM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
TSM rides AI chip demand to display strong growth despite volatility and rising geopolitical risks.