Taiwan Semiconductor Just Surged 10%. Here's Why It's Still a Buy Right Now.

AI-related chip demand has far outpaced expectations. Taiwan Semiconductor Manufacturing (TSM 2.78%) has been on fire recently. After the company reported Q3 results on Oct. 17, the stock jumped 10% on the strength of the business. A pop like this may discourage some investors from buying Taiwan Semi stock because they think they've missed the boat. However, that's far from the case, as there are still multiple strong reasons to buy the stock, even after the market's reaction to earnings. New technology wil ...