As of June 20th, Taiwan Semiconductor (TSM.US) rose by 2.67% to $184.49 in pre-market trading. The stock hit a new high of $184.86 during trading yesterday and closed at $179.69, up 1.38%, with a market cap of over $930 billion and a year-to-date increase of 74%. With the surge in demand for AI-related technology and possible price hikes in 2025, the bullish news has pushed Taiwan Semiconductor's market cap closer to the trillion-dollar mark, prompting several major banks to raise their target prices. Among them, Goldman Sachs has raised its target price by 19% to NT$1,160, as it expects prices for 3n and 5n chip manufacturing to rise by "low single-digit percentages". Citigroup has also raised its profit forecast and target price by 12% to NT$1,150, while reaffirming its buy rating. Morgan Stanley has raised its target price to NT$1,080, citing bullish prospects for Apple's silicon chips and Edge AI iPhone processors. In addition, JPMorgan said that Taiwan Semiconductor may raise its revenue outlook for 2024 and could also increase capital expenditure to the high end of its guidance range, with the bank forecasting that AI will contribute 35% of total sales by 2028.
美股异动｜台积电盘前续涨超2% 剑指万亿美元市值
US stocks rose | Taiwan Semiconductor continued to rise by more than 2% before the market, aiming for a market cap of trillions of dollars.
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