The Zacks Analyst Blog Highlights Taiwan Semiconductor Manufacturing, NVIDIA, Apple, Marvell Technology and Broadcom

For Immediate ReleaseChicago, IL – December 26, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Taiwan Semiconductor Manufacturing Co. Ltd. TSM, NVIDIA Corp. NVDA, Apple Inc. AAPL, Marvell Technology, Inc. MRVL and Broadcom Inc. AVGO.Here are highlights from Tuesday’s Analyst Blog:TSMC Stock Poised for Best Year in 25 Years - A Top Pick for 2025 On Tuesday, Taiwan Semiconductor Manufacturing Co. Ltd., or TSMC, saw its shares touch a record high in Taipei following gains among its key customers, such as NVIDIA Corp.. TSMC's shares have surged 99.3% this year, and the stock is set for its strongest annual performance since 1999, thanks to the thriving generative artificial intelligence (AI) market.Given that TSMC stock is primed for success, is it a good stock to buy in the new year? Let's find out –TSMC Plans to Launch New Chip Technology in 2025TSMC is producing its cutting-edge 2-nanometer (nm) chips and is expected to introduce them in 2025. The 2nm chips will reach full-scale production in 2026, with its pre-order demand surpassing that of 3nm and 5nm chips.The 2nm chips feature nanosheet transistor technology that enhances the efficiency level. They are designed to consume 25-30% less energy, boost battery life and curtail costs. So, along with continued demand for the present 3nm chips, the upcoming next-generation chip will boost the TSMC stock next year.TSMC Sees Multiple Growth ProspectsTSMC not only produces chips for graphic processing unit companies like NVIDIA but also smartphone chips for players like Apple Inc., recently witnessed an uptick in smartphone sales, a positive signal for TSMC.TSMC also manufactures custom chips for Marvell Technology, Inc. and Broadcom Inc.. Both companies have already placed orders with TSMC to meet the growing demand for custom AI chips. TSMC's diversified partnerships, therefore, reduce the dependence on NVIDIA, offering various growth prospects that favor the stock next year.Semiconductor Market Growth Benefits TSMC StockThe global semiconductor market is estimated to generate $2 trillion and more in revenues by 2032 at a CAGR of almost 15%, according to Precedence Research. Similarly, McKinsey expects the worldwide semiconductor market to surpass annual revenues of $1 trillion by the end of 2030.The growing semiconductor market is a tailwind for the TSMC stock next year since it's the largest semiconductor foundry with a 62% market share. Moreover, TSMC's rivals are struggling. Several arespinning off their foundry businesses and reducing capital expenditures.TSM Stock to Buy Hand Over FistWith the TSMC stock destined to scale upward in the new year banking on advanced chip technology, a diversified business model, and market dominance, it surely is a compelling buy. As a result, TSMC's earnings per share are projected to increase by 19.8% compared to last year, with a Zacks Consensus Estimate of $6.95.Brokers also assume that the TSMC stock will rise in the near term, raising the average short-term price target to $226.14 from the last closing price of $197.21 and setting the highest target at $250, an upside of 26.8%.TSMC stock at the moment has a Zacks Rank #2 (Buy) (read more: 3 Reasons to Buy TSM Stock Besides 54% Q3 Net Profits Surge).You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here.Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com                                      https://www.zacks.com                                                   Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Free: 5 Stocks to Buy As Infrastructure Spending SoarsTrillions of dollars in Federal funds have been earmarked to repair and upgrade America’s infrastructure. In addition to roads and bridges, this flood of cash will pour into AI data centers, renewable energy sources and more.In, you’ll discover 5 surprising stocks positioned to profit the most from the spending spree that’s just getting started in this space.Download How to Profit from the Trillion-Dollar Infrastructure Boom absolutely free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Marvell Technology, Inc. (MRVL): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks