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Goldman Sachs Hikes TSMC (TSM) Price Target on Strong AI Chip Demand
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the best stocks to buy for the next 6 months. On July 17, following the company’s second-quarter analyst meeting, Goldman Sachs maintained its Conviction Buy rating and increased its price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from NT$1,210 to NT$1,370.
With artificial intelligence clients exhibiting no indications of a slowdown in demand, the investment bank underlined TSMC’s growing optimism on advanced node demand. Goldman Sachs currently predicts that during the initial ramp-up phase, especially in the first two years, the revenue contribution from the N2 node will be substantially higher than that from the N3.
Prediction: This Artificial Intelligence (AI) Stock Will Outperform Nvidia by 2030
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