A Fresh Look at TSMC’s (NYSE:TSM) Valuation Following Steady Share Price Momentum
Taiwan Semiconductor Manufacturing (NYSE:TSM) shares have traded in a relatively tight range over the past week, following a modest uptick of about 1% in yesterday’s session. Investors are watching closely for any signs of momentum shifts in the stock.
See our latest analysis for Taiwan Semiconductor Manufacturing.
TSMC’s steady momentum is hard to ignore, with the share price climbing more than 46% so far this year and a remarkable 3-year total shareholder return of nearly 395%. This consistent performance, paired with strong recent gains, suggests that investor enthusiasm around its growth prospects remains intact, even as the stock takes a short breather after a strong rally.
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