TSMC market capitalization approaching 1 trillion dollars, successive increases in target stock prices on Wall Street

　　On Wall Street, the company's target stock price was raised one after another this week. The background is growing demand related to artificial intelligence (AI). The Goldman Sachs Group in particular was bullish and raised its target share price by 19% to 1,160 Taiwan dollars. Goldman sees the growth rate of semiconductor manufacturing prices at 3 to 5 nanometers as “the first half of the single-digit range.”

　　JPMorgan Chase says that TSMC “in addition to raising sales forecasts for 2024, there is a possibility that capital investment will be the upper limit of the guidance range,” and it is expected that AI will contribute 35% of total sales by 28. Citigroup and Morgan Stanley also raised target stock prices based on favorable profit forecasts.

　　Goldman analysts, including Bruce Lew, stated in the report on the 18th that “as bright sentiment surrounding AI increases, I think TSMC's risk return will become even more attractive,” and continued, “With the rapid spread of AI, it can be said that TSMC is one of the important beneficiaries.”