Is Taiwan Semiconductor Stock Going to $500?

Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, is a key player in the global artificial intelligence (AI) infrastructure ecosystem, manufacturing chips for all the major companies that design AI chips.This explains why TSMC stock has delivered healthy gains of 104% to investors over the past year, significantly outperforming the S&P 500's 15% gain over the same period. Shares of TSMC are now trading at $370 following the company's stellar surge. But will this foundry giant be able to sustain its momentum and head to $500?Image source: TSMC.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool