TSMC stock soars 99.3% in best year in 25 years, plans to launch new 2nm chip technology in 2025.

From Nasdaq: 2024-12-26 09:38:00

TSMC Stock has had its best year in 25 years, with shares soaring 99.3%. The company plans to launch new 2nm chip technology in 2025, which is expected to boost efficiency and battery life. TSMC’s partnerships with companies like NVIDIA, Apple, Marvell, and Broadcom also offer growth prospects.

The global semiconductor market is expected to reach $2 trillion by 2032, benefiting TSMC as the largest player with a 62% market share. With TSMC stock projected to rise in 2025, analysts recommend buying the stock. Earnings per share are expected to increase by 19.8%, with a Zacks Consensus Estimate of $6.95.

Trillions in Federal funds are allocated for infrastructure projects, benefiting companies like TSMC. Analysts suggest 5 surprising stocks positioned to profit the most from this spending spree. TSMC’s stock is a compelling buy with a Zacks Rank #2 (Buy) and projected earnings growth. Analysts have set a short-term price target of $226.14.



Read more at Nasdaq: The Zacks Analyst Blog Highlights Taiwan Semiconductor Manufacturing, NVIDIA, Apple, Marvell Technology and Broadcom