TSMC rises more than 2% in pre-market and raises target stock price to $180 from Bank of America

$Taiwan Semiconductor(TSM.US)$ It rose 2.28% to $169.48 in the pre-market. In the news, $NVIDIA(NVDA.US)$ 、 $Advanced Micro Devices(AMD.US)$ According to industry rumors about AI chip hot from other major manufacturers and insufficient supply of advanced packaging capabilities, the new TSMC Nanke Chiayi Park Cowos plant hopes to accelerate advanced packaging capabilities to build a footprint in order to meet customer demand, and has entered the ring difference review stage. At the same time, South Ke Chiayi Park planned to build two new CoWOS plants, but this was not enough, and it is rumored that TSMC is also investigating the land for the three factories.

Also, Bank of America $Apple(AAPL.US)$ In addition to announcing “Apple Intelligence (Apple Intelligence),” there is also momentum brought about by Computex 2024, and a report showing the view that it foreshadows an increase in the content volume of semiconductor components has been published. TSMC is a major beneficiary and driver of AI development, the report says. Considering stronger AI demand and the prospects for better ASP,Earnings forecasts for 2024 to 2026 were raised by 1 to 3%, target stock prices were raised from 160 US dollars to 180 US dollars, and “buy” ratings were repeated.