Where Will TSMC Stock Be in 1 Year?

Taiwan Semiconductor Manufacturing (NYSE: TSM) has cemented its position as the world's largest semiconductor foundry, establishing a big lead over rivals thanks to the technological advantage of its manufacturing process and chip packaging technology.The cutting-edge performance of the chips fabricated by TSMC is the reason why it is the foundry of choice for the top artificial intelligence (AI) chip designers. From data centers to automotive to personal computers (PCs) to smartphones, TSMC benefits from rapid AI adoption on multiple fronts. This is why its stock has jumped an impressive 59% in the past year, well above the 28% jump clocked by the PHLX Semiconductor Sector index over the same period.The good part is that TSMC looks well-positioned to deliver more upside in the coming year. But how much upside can investors expect from this semiconductor stock over the next year? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool