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Barchart
Nauman Khan

Why GF Securities Analysts Think You Should Buy Taiwan Semi Stock Now Before April 16

Taiwan Semiconductor (TSM) is not operating in a quiet market right now. The semiconductor sector has been running hot, helped by strong AI demand and tight chip supply. Nvidia (NVDA) and Advanced Micro Devices (AMD) have already posted big gains, and TSM has been part of that move, too.

The company's latest numbers show why investors are paying attention. Fourth-quarter revenue rose 20% year-over-year (YOY), and TSM's preliminary Q1 revenue came in at about $35.7 billion, up 35% YOY. Following preliminary results, GF Securities reiterated a “Buy” rating on TSM stock and lifted its price target ahead of the upcoming April 16 earnings report.

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