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Barchart
Barchart
Aditya Raghunath

Taiwan Semiconductor Stock: Buy, Sell, or Hold After Earnings?

Taiwan Semiconductor Taiwan Semi TSM Semiconductor Taiwan Nvidia United States

Taiwan Semiconductor Manufacturing (TSM) is among the hottest stocks on the planet. The Taiwan-based manufacturer produces advanced chips that power smartphones and artificial intelligence (AI) applications like ChatGPT, including semiconductor chips for companies including Nvidia (NVDA) and Apple (AAPL). Like Nvidia, TSMC is a chip giant at the epicenter of the AI megatrend. 

The company enjoys a wide moat, as it is the largest chip manufacturer in the world. The tech giant reported blowout Q3 results earlier this week, comfortably beating consensus revenue and earnings estimates, and driving TSM stock higher by 9.8% on Thursday. This latest uptick in the share price has pushed TSM into the trillion-dollar market cap club, joining other big tech behemoths. 

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