Although Taiwan Semiconductor (TSM) easily ranks among the most relevant names in the market today, the journey forward hasn't always been smooth. Yes, TSM stock is up over 40% on a year-to-date basis, a byproduct of its foundry business feeding virtually the entire global supply of advanced artificial-intelligence hardware. However, the ticker happens to be down roughly 11% since the end of June.
Still, many investors are optimistic about TSM stock for the underlying fundamentals, which may very well enjoy permanent relevance. Notably, despite the near-term choppiness, the Barchart Technical Opinion indicator rates TSM as a 72% Strong Buy. While there might be some turbulence, the overall picture appears enticing.
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Still, many investors are optimistic about TSM stock for the underlying fundamentals, which may very well enjoy permanent relevance. Notably, despite the near-term choppiness, the Barchart Technical Opinion indicator rates TSM as a 72% Strong Buy. While there might be some turbulence, the overall picture appears enticing.
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This Micron Covered Call Could Pay You 63% to Sit and Wait
Alphabet Stock Has Attractive Short-Put Yields As GOOGL Stock Treads Water
#Stock #investors
1 day ago
