Taiwan Semiconductor Manufacturing Company ($TSM), or TSMC for short, wrapped up 2024 on a high note, posting record-breaking results and

Taiwan Semiconductor Manufacturing has outperformed 2024 expectations by wide margins. Check out 3 reasons to buy TSM stock.

Taiwan Semiconductor Manufacturing Company ( TSM, Financial) shares jumped nearly 4% on Thursday after the company posted strong fourth-quarter earnings. The semiconductor giant reported a net income of $11.59 billion and an EPS of $2.24. The results beat Wall Street expectations, with analysts' expectations for EPS of $2.16.

The company revealed net income rose 57% for the final quarter of 2024, while revenue increased 37% to almost $27 billion.

Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with expectations, as it benefits from surging demand for semiconductors used in artificial intelligence processing.

Taiwan Semiconductor Manufacturing reported strong earnings in the fourth quarter of 2024, surpassing both analyst and management expectations.

U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. (TSM) rose 4% in premarket trading Thursday after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for artificial intelligence (AI) demand.

Taiwan Semiconductor Manufacturing Co logged record quarterly profit on Thursday and said it expects robust revenue growth in the first three months of the year as demand surges for chips used in artificial intelligence processing.