TSMC's market cap nears $1T valuation, boosted by AI-related demand and potential 2025 price hikes.
Taiwan Semiconductor Manufacturing Co. (TSMC) is approaching a $1 trillion valuation as its market capitalization climbs to $932 billion, boosted by a 73% gain in its US-listed ADRs this year. Wall Street brokerages have increased price targets for TSMC, citing surging AI-related demand and potential price hikes in 2025. Analysts expect AI to contribute up to 35% of TSMC's total sales by 2028.
June 19, 2024
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