Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Semiconductor Stocks to Invest In Now. On March 10, Haas Liu from Bank of America Securities reiterated a “Buy” rating on the company’s stock with a price objective of $470.00. The analyst’s rating is backed by factors that reflect resilient growth and earnings power.

While the monthly sales were seasonally softer, it was highlighted that they continue to track above the Q1 patterns. This momentum comes on the heels of strong demand in high-performance computing and AI chips, along with earlier-than-usual orders for consumer semiconductors.

Despite Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s margins being sensitive to the power prices because of energy-sourcing concerns and increased electricity costs, its operations will not encounter disruption. Its profitability drivers are intact. The analyst also noted the company’s technology leadership, anticipation of healthy revenue expansion, and improved margins.

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) is the world’s largest semiconductor foundry.

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