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Barchart
Barchart
Anushka Dutta

Taiwan Semi Crushed Q4 Earnings. That Makes This 1 AI Chip Stock a Top Buy.

Intel Corporation INTC United States Citi Nvidia TSM FOR

Semiconductor giant Taiwan Semiconductor (TSM) reported solid fourth-quarter earnings, with profit jumping 35% to beat analyst estimates and reach a record high. While TSM stock surged on the news, legacy chip giant Intel (INTC) also reaped the gains. 

Citi analysts raised INTC stock’s rating from “Sell” to “Neutral” and set a $50 price target, citing TSM’s tightness in advanced packaging, which should benefit Intel. Analyst Atif Malik noted that the company has a “unique window of opportunity” to attract foundry wafer customers as it receives U.S. support. 

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