Is Taiwan Semiconductor Stock a Buy Now?

Taiwan Semiconductor Manufacturing (NYSE: TSM) is on a roll. On the heels of a three-year slump in chipmaking services, TSMC is facing unprecedented production demand. The artificial intelligence (AI) surge that started two years ago seems to have legs for years, and that's not even the whole story -- modern cars need a ton of processors, and the smartphone market is also coming back from a long downturn.So, TSMC's stock has doubled in 2024. Its market cap has been hovering around the rare $1 trillion level since October.At the same time, TSMC shares are trading at lofty valuation ratios. Is the stock overvalued today, or is TSMC still a great buy at today's high prices?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool