TSMC Surges, Outlook Remains Bullish
This is a news story, published by Yahoo Finance, that relates primarily to TSM news.
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Taiwan Semiconductor Manufacturing CompanyTipRanks
•Technology
Technology
TSMC Stock Maintains High-Conviction AI Play Status With $220 Price Target
83% Informative
Taiwan Semiconductor Manufacturing Company ( TSM ) has surged nearly 20% over the past month .
Despite this impressive rally, my outlook remains bullish.
The company is well-positioned to benefit from powerful tailwinds, including relentless AI-driven demand, a dominant—nearly monopolistic—position in advanced chip manufacturing.
April net revenues galloped 48.1% year-over-year to 349.6 billion New Taiwan dollars .
TSM anticipates 24% to 26% sales growth for FY2025 , driven by strong demand for its latest nanochips.
The semiconductor industry continues to experience strong growth, driven largely by the rapid adoption of artificial intelligence technologies.
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