Taiwan Semiconductor Manufacturing Company (TSMC) is on track to reach a $1 trillion market capitalization, with analysts raising stock price targets due to increased capacity and node price hikes. The company's stock price targets have been raised by Goldman Sachs and Bernstein, with a positive outlook on high-end phone and advanced nodes driving revenue growth.
TAIWAN SEMI $TSM price-target raised to $218 (from $183) at Goldman Sachs and $200 (from $150) at Bernstein. "High-end phone & adv nodes are propelling TSMC to top its 2024 guidance. Data center AI revenue is rising as planned, but more data indicating AI driving an upward shift…
TSMC $TSM stock price target hiked at Bernstein on more CoWoS capacity, node price hikes https://t.co/l1LeTbEl5H https://t.co/RTnplqxYev
#5Things: TSMC’s looming trillion-dollar milestone. China’s potential new policy toolkit. AI’s impact on banking. Here’s what’s moving markets. https://t.co/0F9nz8ZkC5
🚀 TSMC 🇹🇼 is poised to become the next company with a $1 trillion market cap. $TSM #MM 🔗https://t.co/jXFZD2uLrF https://t.co/dhMxlA7tUO
The bullish chorus on TSMC is growing even louder as an unstoppable stock rally puts its market capitalization one step closer to the $1 trillion milestone https://t.co/Lxz4ZojXW0