Reported 11 months ago
On June 9, 2024, Barclays Securities increased its target price for TSMC ADR from $150 to $170 following Huang Renxun, CEO of NVIDIA, remarking that TSMC's price was too low at an investor luncheon during Computex Taipei. Barclays cited strong demand for 2-nanometer chips and the shift towards AI servers and HPC as reasons for the optimistic outlook. This led to a positive response from investors anticipating significant market volatility and potential future gains.
Source: YAHOO