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Benzinga
Benzinga
Business
Anusuya Lahiri

Analysts Tout This Apple Supplier's $100B Meltdown As Buying Opportunity - Read Why

TSMC NYSE Taiwan Semiconductor Manufacturing Company LTD TSM Nasdaq Semiconductor Taiwan

Analysts do not seem worried about Taiwan Semiconductor Manufacturing Company Ltd's (NYSE:TSM) share slump that wiped off $100 billion in value, Bloomberg reports.

Analysts see the stock as a screaming buy. According to Bloomberg's analyst compilation, TSMC shares will likely climb ~50% to a record high in 12 months as macro headwinds ease and investors focus on the company's fundamentals.

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