Susquehanna raised the firm’s price target on TSMC (TSM) to $255 from $250 and keeps a Positive rating on the shares. The firm said recent checks show that the upside to AI-related wafer shipments in Q2 is balancing out weaker smartphone wafershipment, with foreign exchange impacts expected to minimize the revenue upside effect on EPS. In addition, EPS. In addition, the company is likely to remain the sole leading-edge foundry provider through 2027 due to lack of customers’ commitment to IFS’s 14A-E.
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