Macquarie Boosts TSMC Target by 14%, Predicts AI Supercycle to Drive Re-rating
Macquarie has turned heads in the stock market with a bold call on Taiwan Semiconductor Manufacturing Company (TSMC). In its latest stock research, Macquarie upgraded TSMC’s target price by 14%, citing an accelerating AI supercycle that could fuel unprecedented demand for advanced chips. This bullish outlook sent TSMC shares higher on Tuesday, as investors digested the implications for the world’s largest contract chipmaker.
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