TSMC stock hits record high, up 99.3% due to strong customer partnerships and market share growth

From Nasdaq: 2024-12-24 15:05:00

Taiwan Semiconductor Manufacturing Company Limited (TSMC) stock hits record high, up 99.3% this year, thanks to key customers like NVIDIA. Plans to launch 2nm chips in 2025, with more energy efficiency. TSMC diversifies with Apple, QUALCOMM, Marvell, and Broadcom partnerships, benefiting from smartphone and AI chip demand. Semiconductor market growth boosts TSMC’s market share dominance. Stock projected to rise in 2025, with earnings per share estimated to increase by 19.8%. Zacks Rank #2 (Buy) with a short-term price target of $226.14.

Zacks names TSMC as a top pick for 2025, with a history of successful stock picks. Director of Research selects 10 stocks for 2025, expected to outperform the market. Investors can gain access to these top stocks on January 2. TSMC, along with other tech giants like Apple, QUALCOMM, NVIDIA, Marvell, and Broadcom, offer free stock analysis reports. TSMC stock poised for best year in 25 years, a top pick for 2025 according to Zacks Investment Research.



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