TSM stock is a ‘buy' despite recent Intel news – analyst says

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) is in the green on Wednesday after a Bank of America analyst issued a bullish note in its favour.Is TSM stock worth buying in 2024? Copy link to section Brad Lin recommends buying TSM stock even though Intel announced plans of cutting its reliance on outsourced wafers to about 20% (previously at 30%) this week. But the BofA analyst is not convinced that $INTC can deliver on its ambitious plans for its foundry business. In fact, that segment lost about ...