TSMC Shares Trade at $193.32 Amid AI Demand Expectations

Published 1 days agoTSM

TSMC Shares Trade at $193.32 Amid AI Demand Expectations

Taiwan Semiconductor Manufacturing Company (TSMC) is currently trading at $193.32 per share, with a slight decrease of $3.75 or 0.02% from the previous close. The stock opened at $195.85, reaching an intraday high of $196.52 and a low of $190.6 with a trading volume of 11,998,300.

Analysts are maintaining their positive outlook for TSMC, seeing strong potential in its AI sector involvement. Barclays has increased its price target to $215, citing TSMC's leading technology and position. Meanwhile, Goldman Sachs has set a more optimistic target of $254 due to the strong demand for AI and advanced node growth, and Citi has adjusted its target to NT$1,150, emphasizing TSMC's strong market position.

These developments highlight TSMC's crucial role in the AI-driven semiconductor market. As noted by Nasdaq, the company's strategy to leverage growth in the AI sector continues to inspire confidence among analysts and investors alike, reflecting its robust demand and technological edge.

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