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Goldman Sachs has added Taiwan Semiconductor Manufacturing Company (TSMC) to its ‘Conviction Buy’ list, citing strong AI-driven demand and upgraded price targets. The stock has surged 68% since March, reflecting optimism around its semiconductor dominance.
- Goldman Sachs upgrades TSMC to 'Conviction Buy' with a new price target of NT$1,210, indicating a 12% potential rally.
- TSMC's CoWoS technology is gaining traction in AI, smartphones, and servers, fueling revenue growth projections of 29% in 2025.
- The semiconductor giant manufactures chips for major tech firms like Apple and Nvidia, solidifying its market dominance.
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