TSMC Stock Moves Higher as AI Revival Meets Capacity Risk

This article first appeared on GuruFocus. Taiwan Semiconductor Manufacturing (NYSE:TSM), the world's largest contract chipmaker, rose about 0.9% to $457.175 at 10.55am EST Tuesday as investors weighed a possible return to AI stocks. JPMorgan argued that the recent pullback has made semiconductor valuations more attractive. The bank sees room for the trade to recover, though a cheaper entry point alone will not build another chip. Warning! GuruFocus has detected 3 Warning Sign with AVGO. Is TSM fairly valued? Test your thesis with our free DCF calculator.TSM GF Value chart TSMC has the orders and the margins to make that case. Its second-quarter results showed $40.2 billion in revenue and a 60.3% operating margin. The board also approved roughly $29.