Taiwan Semiconductor Manufacturing (TSM)’s Shares Have Gained 36% Since Cramer Told Viewers Not To Worry About Firm

We recently published Jim Cramer’s 20 Bold AI Predictions – See How They Played Out! Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks Jim Cramer recently discussed.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer, which means that most of the world’s AI chips will be manufactured in its foundries. Cramer assured a caller on Mad Money not to worry about the stock, and he turned out to be right since the shares have gained 36% since then. Since the CNBC TV host made the remarks, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s shares have benefited primarily from strong earnings reports, which have seen it deliver as much as a whopping 61% growth in profit. Here is what Cramer said about the firm in August 2024 after a viewer asked him whether the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was a good long-term stock to buy:

“I think you’re fine. I think that there’s always going to be a worry about Taiwan. I think that if you go back to what Lisa Su said, she didn’t tell you not to worry about it because nobody says that. She says, you know, this one is not going to be a problem, and I’m with her.”

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