This Semiconductor Stock Seems Unstoppable

Core Viewpoint - Taiwan Semiconductor Manufacturing Company (TSMC) is the world's largest dedicated integrated circuit foundry, valued at $1.5 trillion, aiming to solidify its position as a leading semiconductor company [1]. Group 1: Stock Performance - TSM has gained 15.61% since a new "Buy" signal was issued on September 9 [2]. - The stock reached an all-time high of $296.72 on October 2 [4]. - TSM has experienced a 27% increase over the past month and a 65.15% increase over the past year [5][6]. Group 2: Technical Indicators - TSM has a 100% "Buy" opinion from Barchart and is trading above key moving averages [5][6]. - The stock has a Weighted Alpha of +75.85 and a Relative Strength Index (RSI) of 75.20 [6]. - There is a technical support level around $280.27 [6]. Group 3: Market Sentiment and Analyst Support - Fundamentals for TSM remain robust, with projected revenue and earnings growth supported by widespread analyst backing [5]. - Despite facing geopolitical risks, positive sentiment and price targets indicate potential for further upside [5].