Investment Rating - The report maintains a "Buy" rating for the company, expecting a stock price increase of over 15% relative to the industry index in the next six months [12]. Core Views - The company anticipates steady revenue growth, with a projected increase in revenue for 2024 of 20%-25% year-over-year, driven by strong demand in AI and HPC sectors [5][6]. - The CoWoS advanced packaging technology is experiencing high demand, which exceeds supply despite the company doubling its production capacity compared to the previous year [5]. - The N2 technology is on track for production in the second half of 2025, which is expected to enhance the company's technological leadership and capture growth opportunities in AI [3][5]. Financial Summary - Revenue (in million USD) is projected to grow from 70,599 in 2023 to 86,451 in 2024, representing a year-over-year growth rate of 22.5% [1]. - Net profit attributable to the parent company is expected to increase from 27,816 million USD in 2023 to 32,360 million USD in 2024, with a corresponding growth rate of 16.3% [1]. - The company's EPS is forecasted to rise from 5.36 USD in 2023 to 6.24 USD in 2024 [1]. - The gross margin for Q1 2024 is reported at 53.1%, with a slight year-over-year decrease of 3.2 percentage points [2]. Market and Demand Insights - The demand for HPC continues to grow, contributing significantly to revenue, while smartphone business experiences seasonal declines [2]. - The advanced process technology (7nm and below) accounted for 65% of total wafer revenue in Q1 2024, reflecting a year-over-year increase of 14 percentage points [2]. - The company expects AI server processor revenue to double in 2024, contributing over 10% to total revenue, with a projected CAGR of 50% over the next five years [5].

The AI revolution has taken semiconductor stocks and their gains to the next level, with most producers recording gains of 50% or more since 2024, driven by unprecedented demand for AI-related technologies and components. Taiwan Semiconductor (NYSE: TSM) stock is no exception.TSMC became the leading foundry by revenue in the first quarter, capturing 62% of the market share. Taiwan Semiconductor Manufacturing anticipates up to 30% sales growth in the second quarter, driven by strong demand for semiconductors ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: CC Wei will be the first person to hold the dual role at TSMC. TSMC's board of directors on Tuesday unanimously elected chief executive CC Wei to succeed Mark Liu as chairman of the chip titan. Wei will be the first person to hold the dual roles for Taiwan Semiconductor Manufacturing Company, which controls more than half the ...

Announcements at a trade show gave the semiconductor specialist a boost.Shares of Taiwan Semiconductor Manufacturing (TSM 1.97%), also called TSMC, were climbing on Monday, jumping as much as 4%. As of 1:40 p.m. ET today, the stock was still up 1.9%.The Computex trade show kicked off in Taiwan this weekend with positive news for the semiconductor specialist.AI is kicking into high gearThe keynote address for the event was given by Nvidia (NVDA 3.59%) CEO Jensen Huang, who held a surprise for investors. The ...

AI has emerged as a major growth catalyst for this semiconductor stock.Artificial Intelligence (AI) is causing a paradigm shift in today's modern technological world. AI technologies are making their presence felt in all walks of life -- be it education, business, investing, or home management. Not surprisingly, artificial intelligence has also become a major investment trend on the stock market, and has captivated the interest of both amateur and seasoned investors.However, it is essential to understand th ...

The most recent trading session ended with TSMC (TSM) standing at $152.96, reflecting a -0.89% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.6%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq lost 1.08%.The the stock of chip company has risen by 14.38% in the past month, leading the Computer and Technology sector's gain of 7.76% and the S&P 500's gain of 3.15%.Investors will be eagerly watching for the performance of TSMC i ...

This company could be one of the biggest beneficiaries of the heightened interest in AI.Executives at Taiwan Semiconductor Manufacturing (TSM -3.18%), or TSMC for short, recently said at an event that we are in a "new golden age" for chips. These executives also forecast 10% annual growth for the global semiconductor industry, excluding memory chips. For its part, TSMC has been forecasting revenue growth of over 20% in 2024. Let's take a closer look at TSMC and why it could be one of the biggest beneficiari ...

Taiwan Semiconductor is a crucial supplier in artificial intelligence.Finding solid artificial intelligence (AI) investments doesn't necessarily mean picking a software company with the best technology. Instead, choosing a company like Taiwan Semiconductor Manufacturing (TSM -0.37%) that's supplying the lion's share of chips used in the hardware that creates AI models is also a great pick.When investing in a company like Taiwan Semiconductor, also known as TSMC, you don't have to pick a winner since it will ...

Nvidia was the first chip stock to reach a trillion-dollar market cap, but another could reach that milestone very soon.As it stands today, there are only seven companies in the world with market capitalizations in excess of $1 trillion. This exclusive club includes six of the  "Magnificent Seven" -- Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta Platforms.Nvidia is the only pure-play semiconductor and data center services business with a trillion-dollar valuation right now. But as Advanced Micro Devi ...

Group 1: Taiwan Semiconductor Manufacturing (TSMC) - TSMC is a leading chip foundry with a net profit of nearly $27 billion on $69 billion of revenue last year, reflecting a strong competitive position [2] - The company is experiencing a 5% revenue decline in Q1 compared to Q4, primarily due to weak end-market demand, although AI chip demand remains strong [2][3] - TSMC's earnings per share are projected to grow at an annualized rate of 22% over the next several years, supported by the demand for Nvidia's GPUs and a potential recovery in other markets [3] Group 2: Uber Technologies - Uber has over 7 million drivers and couriers, with double-digit growth in trips, monthly active customers, and revenue, indicating strong demand in its mobility business [4] - The number of trips grew by 21% year over year in Q1, and the company is expanding its platform to include more restaurants and grocery deliveries while managing costs [4] - Wall Street projects Uber's earnings to grow at an annualized rate of 45%, with an EPS estimate of $4.30 by 2026, suggesting significant upside potential for investors [5]