Goldman Sachs raised the firm’s price target on TSMC (TSM) to NT$2,330 from NT$1,720 and keeps a Buy rating on the shares. The firm upped the company’s 2026 and 2027 earnings estimates by up to 15%. TSMC has a “multi-year growth engine” in artificial intelligence, the analyst tells investors in a research note. Goldman believes “exponential growth” in token consumption continues to keep silicon demand ahead of supply.
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