Reported 1 day ago
Bernstein has reiterated its Outperform rating on Taiwan Semiconductor Manufacturing Company (TSMC) with a price target of $249, reflecting a 4.1% upside from the current price. The firm emphasizes TSMC's critical role in the global semiconductor market, accounting for 15-25% of the worldwide wafer fab equipment market. The company reported impressive Q2 2025 results, with significant revenue and income growth year-over-year. While TSMC is a strong investment, Bernstein notes that some AI stocks may present better upside potential.
Source: YAHOO