Jim Cramer on Taiwan Semiconductor: “That’s What I’d Call the Foreign Risk Profile”

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks Jim Cramer shed light on. During the lightning round, a caller inquired about the stock, and here’s what Mad Money’s host had to say:

“Okay, now, my problem with TSM, it’s gone up much more of late… than NVIDIA. I’d rather be, see you be NVIDIA. Taiwan Semi… That’s what I’d call the foreign risk profile.”

Pixabay/Public Domain

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces and sells integrated circuits and semiconductor devices. The company’s technologies support high-performance computing, smartphones, IoT, automotive, and consumer electronics. Cramer discussed the company during an April episode, as he commented:

“Taiwan Semiconductor is so low. I have to tell you… Look, I have tremendous conviction that it’s very difficult to politically… say that we will protect Taiwan Semi. I will say this, that is one of the greatest manufacturers in the world, and anybody who thinks that Taiwan Semi should be this low, this cheap is just not a believer in AI, and I am a believer in AI. There we go.”

Since the above comment, the company’s stock is up around 71%.

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Disclosure: None. This article is originally published at Insider Monkey.