The key to the next phase of the stock rally is the TSMC capex outlook

Taiwan Semiconductor Manufacturing Co. still trading at pedestrian valuations. There is potential for its upcoming results to drive the stock even higher. TSMC Capex Outlook Outlook Key to Next Phase of $330 billion Stock Rally, analysts say. China Tells Iran Cooperation Will Last After Attack on Israel.

Taiwan Semiconductor Manufacturing Co. still trading at pedestrian valuations even after surging to a record high. There is potential for its upcoming results to drive the stock even higher. TSMC Capex Outlook Outlook Key to Next Phase of $330 billion Stock Rally. Shares of TSMC are trading at a record $30 billion valuation.