Taiwan Semi Stock Moves Into Overbought Territory on Earnings Pop, But Is There Still a Case for Buying TSMC Here?

Taiwan Semiconductor (TSM) shares are extending gains on Jan. 15 after the semiconductor giant posted better-than-expected financials for its fourth quarter. On Thursday, the company said its revenue came in at a record NT$1.046 trillion in Q4, driving the quarterly profit up by 35% on a year-over-year basis. More News from Barchart Following the post-earnings rally, TSMC stock is up more than 140% versus its 52-week low. www.barchart.com Is TSMC Stock Overvalued Currently? According to the NYSE-lis ...