Taiwan Semiconductor Manufacturing Company (TSMC) shares are experiencing an uptick today, driven by a positive sentiment surrounding its upcoming fourth-quarter earnings report. Scheduled for release on January 16, analysts are optimistic about TSMC's performance, anticipating a 51% year-over-year increase in earnings per share to $2.20, fueled by strong demand in the AI sector. The company's December revenue update, which showed a 39% year-over-year growth, has bolstered investor confidence, with analysts from Bernstein and Bank of America Securities reiterating their Buy ratings on the stock. They expect TSMC's revenue growth in 2025 to exceed 30% year-over-year, supported by advancements in AI and high-performance computing sectors.
TSMC's stock is currently trading at $204.04, reflecting a 1.29% increase from its previous close of $201.45 and a 0.77% rise from its opening price of $202.49.