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Taiwan Semiconductor got a big boost after an outstanding earnings report.
The positive earnings print suggests that demand for AI chips remains strong. And it helps squash criticism that there is an “artificial intelligence bubble.”
My new AI trading system already spotted triple-digit profits semiconductor chip stocks.
Here’s the next big trade for January.
TSM is a critical partner to the semiconductor industry. The company manufactures nearly all of the chips for Nvidia, AMD and Broadcom.
The company’s profits jumped 35% in the final three months of last year. That beat analyst estimates. Additionally, management shared a positive outlook for the current quarter.
TSM also plans to invest $250 billion in the U.S. economy. This includes building new chip fabs in America and making additional investments in AI and energy.
TSM stock rallied 6% after beating earnings estimates.
So, what’s next for TSM shares?
You can see the trade prediction here.
Let me know if you have any questions.
Ian