AI Continues to Drive Growth at Taiwan Semiconductor Manufacturing, but Is the Stock a Buy?

While the investor reaction to its most recent earnings report was largely muted, Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC for short, once again reported another quarter of strong revenue and profit growth. As the leading semiconductor manufacturer in the world, the company continues to benefit nicely from the rise in demand for artificial intelligence (AI) infrastructure.Let's take a closer look at TSMC's results and prospects to see if investors should buy the stock at current levels.There is little doubt that TSMC has established itself as an AI winner. The company's technological expertise and scale has led it to become an invaluable part of the semiconductor value chain and a vital partner to top chip designers such as Nvidia.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool