Zacks highlights Taiwan Semiconductor (TSM) as a buy after its shares slipped about 14% from early-October records, pointing to a beat-and-raise third quarter reported on October 15 and a Zacks Rank #1 (Strong Buy) driven by upward earnings revisions. TSMC's Q3 earnings grew 58% on 41% higher revenue, with 3-nanometer chips making up 33% of wafer revenue and 2-nanometer chips 8%, up from 3% in the second quarter. The company is expanding manufacturing into the U.S., Japan and elsewhere to reduce geopolitical risk. The article projects revenue growth of 41% in 2026 and 33% next year, reaching $228 billion, and earnings growth of 59% in 2026 and 29% next year.
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