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06-19

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

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

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

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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. 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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