Jim Cramer Didn’t Hold Back When Discussing Taiwan Semiconductor (TSM) Sellers

We recently published Jim Cramer Discussed AI “Mojo” & Commented On These 13 Stocks. Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) is one of the stocks discussed by Jim Cramer.

Contract chip manufacturer Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM)’s shares closed 3.3% lower on Thursday, on the day the firm reported its first quarter earnings. The results saw the firm post NT$1.134 trillion in revenue and NT$572 billion in net income. The results saw Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) beat analyst estimates of NT$1.127 trillion and NT$543 billion. While Cramer typically doesn’t discuss the firm in his morning appearance, he watched the share price like a hawk on Thursday. In a flurry of tweets, the CNBC TV host criticized sellers of the shares and remarked that those selling the stock should listen to the firm’s earnings call. Before the earnings, Citi had discussed Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM)’s shares on March 30th as it raised the share price target to NT$2,800 from NT$2,600 and increased earnings projections on the back of growing demand for AI chips. As the market evaluated Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM)’s earnings, Cramer wondered what drove the selling:

“Sellers appearing in Taiwan Sem as the stock failed to pop. Have the sellers READ the conference call, which was a tour de force. Or are they just watching the stock and acting..

“Bears frantically trying to keep Taiwan Semi’s stock down. Maybe they should listen to the call?”

Jim Cramer Didn't Hold Back When Discussing Taiwan Semiconductor (TSM) Sellers

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