Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
208.61
+7.03 (3.49%)
Taiwan Semiconductor Manufacturing Company (TSMC) is a leading semiconductor foundry that specializes in the production of advanced integrated circuits and microchips for various applications in technology sectors such as telecommunications, computing, and consumer electronics. The company operates state-of-the-art fabrication facilities and leverages cutting-edge manufacturing processes, enabling it to produce high-performance and energy-efficient chips. TSMC collaborates with a broad array of clients, including major technology firms, to support their innovation and growth by providing reliable and scalable chip manufacturing services. With a commitment to research and development, TSMC plays a critical role in advancing semiconductor technology, driving the digital transformation across multiple industries worldwide.
In 2024, the U.S. tech sector had a tumultuous year for semiconductor companies, with Nvidia and Broadcom succeeding in AI while Intel fell behind. Broadcom joined Nvidia and TSMC in the $1 trillion club, while Intel lost value and market share to competitors. Investors favor Broadcom's simpler and cheaper XPUs over Nvidia's GPUs. Broadcom plans to double shipments to top clients, including Google and Meta, and expects AI to make up 65% of its revenue in Q1.
AT&T and Verizon announced their networks are secure after China-linked cyberespionage attack. Both stocks are down. U.S. officials concerned about China's hacking program.
These three growth stocks have delivered market-beating performance in 2024 and analysts believe these stocks are on pace for an encore performance in 2025
With the global market for artificial intelligence presumed to be worth trillions in the coming years, these top semiconductor stocks should be lucrative investments going into 2025.
