Reported 3 days ago
Taiwan Semiconductor Manufacturing Company (TSMC) has seen its stock rise nearly 20% in the past month, buoyed by strong AI-driven demand and major technological advancements. TSMC is well-positioned with a leading market share in chip manufacturing and is set to roll out next-gen 2nm and 1.6nm chips by 2026. The company forecasts a 45% annual growth in AI-related chip revenue over the next five years, further enhancing its pivotal role in the semiconductor industry. With an attractive valuation and a robust earnings outlook, analysts give TSMC a 'Strong Buy' rating, targeting a price of $220 in the coming year.
Source: YAHOO