Buying Nvidia Stock Looks Like a No-Brainer After This Key Event

Taiwan Semiconductor Manufacturing (NYSE: TSM) released its fourth-quarter 2024 results on Jan. 16, and the semiconductor giant's results offered insight into the state of the semiconductor industry.Popularly known as TSMC, the Taiwan-based company is a semiconductor foundry that makes chips for fabless chipmakers that do not own any manufacturing facilities of their own, such as Nvidia (NASDAQ: NVDA), along with consumer electronics companies. TSMC points out that it served 522 customers last year, manufacturing almost 12,000 products across multiple categories such as smartphones, personal computers (PCs), data centers, automotive applications, and the Internet of Things (IoT).Last quarter, its revenue increased 37% year over year to $26.9 billion, and management served up terrific guidance for Q1 2025 that calls for top-line growth of 34% to $25.4 billion (at the midpoint). For the full year, TSMC expects its 2025 revenue to increase in the mid-20% range.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool