Goldman Sachs published a report stating that as positive investment sentiment in artificial intelligence (AI) continues to grow, TSMC's risk-return is more attractive, especially after the 2024 Taipei International Computer Show. Further expansion of terminal applications to edge devices (such as AI smartphones/AI PCs/enterprise applications) is believed to drive TSMC's upgrade cycle for another year. The bank believes that under the AI trend, TSMC's steady technological leadership and limited competitive landscape will help support or increase the visibility of its 2026 growth. Furthermore, in an environment of rising costs, the bank expects TSMC to increase the price of the 3 nm/5 nm process by a low unit percentage and increase the price of CoWoS by 5% starting next year. The bank predicted the compound annual growth rate of TSMC's revenue and net profit for the 2023-2026 fiscal year of 20% and 21%, and raised the profit forecast for the 2024-2026 fiscal year by 3% to 4%, and raised the target price from $183 to $218. It gave it a “buy” rating and included it in the confident buying list. It believes that it is still in the early stages of the cycle, and there is still greater potential for growth in the future.