2024-04-18 09:15:54 ET
Summary
- Taiwan Semiconductor Manufacturing Company Limited's valuation has increased by over 50% in the past year, driven by optimism in the AI sector.
- And the latest earnings results continue to reinforce confidence in TSMC's benefit from strong AI momentum ahead, which is key to offsetting the slower-than-expected recovery in consumer-facing end-markets.
- Taiwan Semiconductor continues to maintain technology and capacity leadership, which will not only bolster its AI opportunity capture, but also potentially lead to further market share gains.
Taiwan Semiconductor Manufacturing Company Limited (TSM) valuation has surged more than 50% over the past year. The upsurge’s momentum continues to be buoyed by increasing artificial intelligence, or AI, optimism, which has gradually overshadowed the drag from Apple’s ( AAPL ) – its largest customer – demand setback....
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For further details see:
Is Taiwan Semiconductor A Buy After Q1 2024 Earnings Outperformance?