After Upbeat Outlook, Is It Time to Buy Taiwan Semiconductor Manufacturing?

While its shares didn't get a lift, Taiwan Semiconductor Manufacturing (NYSE: TSM) once again reported strong quarterly results and upped its guidance. The stock is still up about 50% on the year.Let's take a look at the semiconductor contract manufacturer's Q3 results and outlook to see if now is still a good time to buy the stock.Due to its scale and technological expertise, TSMC has become a critical part of the semiconductor supply chain and a driving force behind the artificial intelligence (AI) infrastructure buildout. While chip designers such as Nvidia and Broadcom garner much of the headlines, without TSMC, their advanced chips would not be able to be manufactured at scale.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool