Reported 1 day ago
Taiwan Semiconductor Manufacturing Company (TSMC) has received a reiterated Buy rating from Needham, setting a price target of $270 per share. This follows TSMC's strong second-quarter report, which showed a 60.7% increase in net profit year-over-year, driven by rising semiconductor demand for AI applications. Despite a positive outlook for revenue in the next quarter, TSMC's guidance suggests a potential decline in Q4 due to ongoing macro uncertainties.
Source: YAHOO