Why Taiwan Semiconductor Manufacturing Stock Jumped Today

The semiconductor giant's stock got a boost after an analyst raised his price target on the stock

Shi expects TSMC's dominance to continue, saying, "We expect TSMC's foundry to strengthen as we do not foresee a competitive challenge for the next several years. " Image source: Getty Images

Intel may be shutting down part of its fabrication operation That sentiment looks right on the money after it was reported today that Intel is considering shutting down a part of its fabrication efforts in favor of its next-generation fabrication capacity

If the company shuts down its 1. 8 nanometer fabrication, the current industry standard, it would leave TSMC with essentially no rival until Intel's 1. 4 nanometer fabrication can get off the ground

TSMC is in a solid position The company is ly the global leader in semiconducting fabrication, especially that of hyper-advanced artificial intelligence-powering chips

That is a not easily disrupted; TSMC has a substantial moat tecting it

I think the stock is a great pick

Johnny Rice has no position in any of the stocks mentioned

The Motley Fool has positions in and recommends Intel and Taiwan Semiconductor Manufacturing

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