Morgan Stanley analysts have raised their target price for TSMC by 12% to NT$2,888, citing improved revenue and pricing outlooks. The firm anticipates TSMC will increase its full-year revenue and capital expenditure forecasts during its upcoming earnings call. With robust AI capital expenditure and chip demand, TSMC is expected to project a 40% year-over-year revenue growth for 2026 and raise its capital expenditure to $56 billion. AI
IMPACT Increased AI chip demand is expected to drive significant revenue growth and capital expenditure for TSMC, impacting the semiconductor supply chain.
RANK_REASON Analyst price target increase for a major semiconductor company driven by AI demand. [lever_c_demoted from significant: ic=1 ai=0.7]
AI-generated summary · Google Gemini · from 1 sources. How we write summaries →
