Morningstar: TSMC (TSM.US) states it "won't leave food on the table," signaling increased investment in AI chips.
Zhito Finance APP has learned that Taiwan Semiconductor Manufacturing (TSM.US) edged lower in Friday's pre-market trading. Despite the company's recently reported strong third-quarter results, its stock price has fallen 6.9% this week, potentially marking its largest weekly decline since July. However, Morningstar still believes TSMC's fair value is $534, implying about 26.5% upside from Thursday's closing price.
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