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…