Why Taiwan Semiconductor Stock Popped Today
TSMC is still growing -- and its stock is still more expensive than it looks.
Shares of Taiwan Semiconductor Manufacturing Company (NYSE: TSM) jumped 3% through 2:35 p.m. ET after CEO C.C. Wei told shareholders at the company's annual general meeting that TSMC expects to earn "record profit" in 2025.
Of particular interest to investors, Wei said he's "not afraid" that President Donald Trump's tariffs turmoil will keep TSMC from reaching this goal.
Image source: Getty Images.
