TSMC stock surges as AI demand drives strong investor confidence
Taiwan Semiconductor Manufacturing Co. (TSMC) shares jumped over 6%—their biggest gain since April—after Goldman Sachs increased its price target by 35%. The firm cited sustained global demand for artificial intelligence chips and TSMC’s key role as a leading supplier. TSMC, the world’s largest contract chipmaker, has become central to the AI ecosystem, supplying advanced processors for companies like Nvidia and Apple.
This sharp rise reflects growing confidence in the foundational tech powering AI’s next wave.
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