Taiwan Semiconductor Manufacturing Shares Jump on Positive AI Outlook. Is It Time to Buy the Stock?

Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC for short, rose after the semiconductor contract manufacturer once again produced strong revenue growth and issued upbeat guidance as it continues to be an artificial intelligence (AI) beneficiary.Let's dig into TSMC's results and guidance to determine if now is a good time to buy the stock.TSMC's revenue growth accelerated in the fourth quarter, with revenue climbing 37% to $26.9 billion, compared to 36% growth the quarter before. Its earnings per American depositary receipt (ADR), meanwhile, soared 56% to $2.24 from $1.44 a year earlier. Both numbers came in solidly ahead of analyst consensus estimates.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool