3 Reasons to Buy TSMC Stock Beyond Record Q4 Net Profit

Taiwan Semiconductor Manufacturing Company Limited (TSM) , better known as TSMC, saw its shares scale northward after posting record fourth-quarter net income, which topped analysts’ projections. The foundry behemoths’ fourth-quarter net profit soared 57% to $374.68 billion from a year earlier, driven by a surge in demand for artificial intelligence (AI) chipsets.But it’s not the latest quarterly result that propelled its shares higher. The TSMC stock has already gained 91% in the past year with the advent ...