Taiwan Semiconductor Manufacturing Stock Pops on Strong Artificial Intelligence (AI) Revenue Growth Guidance. Is TSM Stock a Buy?

Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) gained 3.9% on Thursday, following the world's largest contract semiconductor manufacturer's release of its fourth-quarter 2024 report. The stock's rise is likely in part due to the company beating Wall Street's Q4 revenue and earnings expectations. But the bulk of the rise is probably attributable to management's forecast for continued strong demand in 2025 and beyond for its services to produce artificial intelligence (AI) chips for its customers.To support its rosy demand projections, in 2025, the company plans to increase its capital expenditures (capex) to between $38 billion and $42 billion, which equates to annual growth of 28% to 41%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool