Bernstein raised the firm’s price target on TSMC (TSM) to $330 from $290 and keeps an Outperform rating on the shares. The firm increased the company’s chip-on-wafer-on-substrate capacity to 125,000 wpm exiting 2026. This will be just enough to support projects announced from Blackwell and Rubin for Nvidia (NVDA) in 2025 and 2026 but not much more, the analyst tells investors in a research note. Bernstein forecasts TSMC’s revenue will grow 23% in fiscal 2026 and 20% in 2027.
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