Analysts Reassess Taiwan Semiconductor Manufacturing Company's Stock Following Strong Earnings
Taiwan Semiconductor Manufacturing Company (TSMC) reported strong Q1 earnings, with revenue rising 35.1% year-over-year to $35.9 billion and net income increasing 58.3%. Analysts have raised price targets in response, citing improved margins and strong guidance for the next quarter. The stock has gained 31% this year.
Tickers: $TSM
Topics: analyst ratings earnings semiconductor industry stock performance TSMC