Prediction: This Artificial Intelligence (AI) Semiconductor Stock Is Going to Soar After Jan. 29

Foundry giant Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, released its fourth-quarter 2024 results on Jan. 16, and investors reacted positively to the company's performance as it not only beat Wall Street's expectations but also delivered better-than-expected guidance.TSMC stock jumped nearly 4% following its earnings report. More importantly, its solid showing rubbed off positively on its peers in the semiconductor industry as well. That wasn't surprising as the Taiwan-based company's impressive year-over-year increase of 37% in fourth-quarter revenue to $26.9 billion and the first-quarter 2025 guidance that would translate into a 35% jump from the year-ago period indicate that semiconductor sales are set to remain solid in 2025.TSMC has a market share of 64%. Most of the major chipmakers and consumer electronics companies use the company's fabrication plants to manufacture their chips. So it's a bellwether in the semiconductor industry, which is why it is not surprising to see its results lifting other names in the sector.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool