TSMC ADRs Nears $1 Trillion Club Amid Flurry of Target Upgrades

Bloomberg06-19

The bullish chorus on Taiwan Semiconductor Manufacturing Co. is growing even louder as an unstoppable stock rally puts its market capitalization one step closer to the $1 trillion milestone.TSMC ...

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Comments

Miker9110
06-19
Miker9110
Wow
NXT4
06-19
NXT4
Well show me the money first

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The depository receipts’ 73% gain this year has boosted the firm’s market value to $932 billion, shy of the $1 trillion threshold.</p><p>The foundry sector leader has emerged as a major beneficiary of the widening adoption of artificial intelligence, with its cutting-edge technology and reasonable valuation making it a favorite play among global investors. TSMC has also prospered from being the main advanced-chip supplier of Nvidia Corp. - recently crowned the world’s most-valuable company.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/53fc8c7049fdc3490d06677f044873e4\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Wall Street brokerages have lifted their price targets for TSMC this week, citing surging AI-related demand and potential price hikes in 2025 to drive up earnings. 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC ADRs Nears $1 Trillion Club Amid Flurry of Target Upgrades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-19 15:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-06-19/tsmc-adrs-nears-1-trillion-club-amid-flurry-of-target-upgrades?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The bullish chorus on Taiwan Semiconductor Manufacturing Co. is growing even louder as an unstoppable stock rally puts its market capitalization one step closer to the $1 trillion milestone.TSMC ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-06-19/tsmc-adrs-nears-1-trillion-club-amid-flurry-of-target-upgrades?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/news/articles/2024-06-19/tsmc-adrs-nears-1-trillion-club-amid-flurry-of-target-upgrades?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121713992","content_text":"The bullish chorus on Taiwan Semiconductor Manufacturing Co. is growing even louder as an unstoppable stock rally puts its market capitalization one step closer to the $1 trillion milestone.TSMC overtook Berkshire Hathaway Inc. last week to become the eighth-largest company globally in terms of market capitalization, based on the firm’s US-listed ADRs. The depository receipts’ 73% gain this year has boosted the firm’s market value to $932 billion, shy of the $1 trillion threshold.The foundry sector leader has emerged as a major beneficiary of the widening adoption of artificial intelligence, with its cutting-edge technology and reasonable valuation making it a favorite play among global investors. TSMC has also prospered from being the main advanced-chip supplier of Nvidia Corp. - recently crowned the world’s most-valuable company.Wall Street brokerages have lifted their price targets for TSMC this week, citing surging AI-related demand and potential price hikes in 2025 to drive up earnings. JPMorgan Chase & Co. raised its AI revenue estimate to 35% of total sales by 2028 while Citigroup Inc. lifted its price target by 12% on a stronger earnings outlook.Goldman Sachs Group Inc. sees three- and five-nanometer chip manufacturing prices advancing by a “low single digit percentage,” and increased its 12-month price target by 19% to NT$1,160.“We now see even more attractive risk-reward for TSMC amid the growing, positive sentiment around AI,” Goldman analysts including Bruce Lu wrote in a note on Tuesday. “With the ongoing proliferation of AI, we see TSMC among the key beneficiaries.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":318555942129728,"gmtCreate":1718786006696,"gmtModify":1718786010467,"author":{"id":"4160724652738952","authorId":"4160724652738952","authorIdStr":"4160724652738952","name":"NXT4","avatar":"https://community-static.tradeup.com/news/8310d70514071510c800904e50175a58","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":1,"crmLevelSwitch":0,"idStr":"4160724652738952"},"htmlText":"Well show me the money first&nbsp;","listText":"Well show me the money first&nbsp;","text":"Well show me the money first","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318555942129728","repostId":1121713992,"repostType":2,"repost":{"id":"1121713992","pubTimestamp":1718782201,"share":"https://ttm.financial/m/news/1121713992?lang=&edition=fundamental","pubTime":"2024-06-19 15:30","market":"us","language":"en","title":"TSMC ADRs Nears $1 Trillion Club Amid Flurry of Target Upgrades","url":"https://stock-news.laohu8.com/highlight/detail?id=1121713992","media":"Bloomberg","summary":"The bullish chorus on Taiwan Semiconductor Manufacturing Co. is growing even louder as an unstoppable stock rally puts its market capitalization one step closer to the $1 trillion milestone.TSMC overt","content":"<html><head></head><body><p>The bullish chorus on Taiwan Semiconductor Manufacturing Co. is growing even louder as an unstoppable stock rally puts its market capitalization one step closer to the $1 trillion milestone.</p><p>TSMC overtook Berkshire Hathaway Inc. last week to become the eighth-largest company globally in terms of market capitalization, based on the firm’s US-listed ADRs. The depository receipts’ 73% gain this year has boosted the firm’s market value to $932 billion, shy of the $1 trillion threshold.</p><p>The foundry sector leader has emerged as a major beneficiary of the widening adoption of artificial intelligence, with its cutting-edge technology and reasonable valuation making it a favorite play among global investors. TSMC has also prospered from being the main advanced-chip supplier of Nvidia Corp. - recently crowned the world’s most-valuable company.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/53fc8c7049fdc3490d06677f044873e4\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Wall Street brokerages have lifted their price targets for TSMC this week, citing surging AI-related demand and potential price hikes in 2025 to drive up earnings. JPMorgan Chase &amp; Co. raised its AI revenue estimate to 35% of total sales by 2028 while Citigroup Inc. lifted its price target by 12% on a stronger earnings outlook.</p><p>Goldman Sachs Group Inc. sees three- and five-nanometer chip manufacturing prices advancing by a “low single digit percentage,” and increased its 12-month price target by 19% to NT$1,160.</p><p>“We now see even more attractive risk-reward for TSMC amid the growing, positive sentiment around AI,” Goldman analysts including Bruce Lu wrote in a note on Tuesday. “With the ongoing proliferation of AI, we see TSMC among the key beneficiaries.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC ADRs Nears $1 Trillion Club Amid Flurry of Target Upgrades</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC ADRs Nears $1 Trillion Club Amid Flurry of Target Upgrades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-19 15:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-06-19/tsmc-adrs-nears-1-trillion-club-amid-flurry-of-target-upgrades?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The bullish chorus on Taiwan Semiconductor Manufacturing Co. is growing even louder as an unstoppable stock rally puts its market capitalization one step closer to the $1 trillion milestone.TSMC ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-06-19/tsmc-adrs-nears-1-trillion-club-amid-flurry-of-target-upgrades?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/news/articles/2024-06-19/tsmc-adrs-nears-1-trillion-club-amid-flurry-of-target-upgrades?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121713992","content_text":"The bullish chorus on Taiwan Semiconductor Manufacturing Co. is growing even louder as an unstoppable stock rally puts its market capitalization one step closer to the $1 trillion milestone.TSMC overtook Berkshire Hathaway Inc. last week to become the eighth-largest company globally in terms of market capitalization, based on the firm’s US-listed ADRs. The depository receipts’ 73% gain this year has boosted the firm’s market value to $932 billion, shy of the $1 trillion threshold.The foundry sector leader has emerged as a major beneficiary of the widening adoption of artificial intelligence, with its cutting-edge technology and reasonable valuation making it a favorite play among global investors. TSMC has also prospered from being the main advanced-chip supplier of Nvidia Corp. - recently crowned the world’s most-valuable company.Wall Street brokerages have lifted their price targets for TSMC this week, citing surging AI-related demand and potential price hikes in 2025 to drive up earnings. JPMorgan Chase & Co. raised its AI revenue estimate to 35% of total sales by 2028 while Citigroup Inc. lifted its price target by 12% on a stronger earnings outlook.Goldman Sachs Group Inc. sees three- and five-nanometer chip manufacturing prices advancing by a “low single digit percentage,” and increased its 12-month price target by 19% to NT$1,160.“We now see even more attractive risk-reward for TSMC amid the growing, positive sentiment around AI,” Goldman analysts including Bruce Lu wrote in a note on Tuesday. “With the ongoing proliferation of AI, we see TSMC among the key beneficiaries.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":12,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1121713992"}