Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported quarterly results that Jim Cramer described as among the strongest he has seen. The company released its earnings at 12:30 AM Eastern time.
In a conference call, TSMC indicated that demand for its artificial intelligence chips is exceptionally high. Cramer stated that this demand is "off the charts." He suggested that those questioning the sustainability of AI may be mistaken, given the current level of demand.
The company manufactures integrated circuits and semiconductor devices. It provides fabrication services for these products.
While TSMC's potential as an investment was acknowledged, the report mentioned that other AI stocks might present different risk and reward profiles. The original article was published by Insider Monkey.