U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
Unitree Shares Plunge 45% After Blockbuster IPO, Raising China Tech Bubble Fears 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
Nvidia Reportedly Eyes $13 Billion Hugging Face Acquisition 
Toyota Global Sales Fall as China Demand Slumps 
OpenAI Data Center Chief Chris Malone Exits Ahead of Planned 2027 Listing 
Mercer International Stock Surges 45% on C$20 Million Canada Funding 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
Shein Hong Kong IPO to Raise $1.7 Billion at $26.5 Billion Valuation 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
Add as a preferred source on Google
Taiwan Semiconductor Manufacturing Co. (TSMC) shares surged to a fresh all-time high after Goldman Sachs significantly raised its price target on the world’s largest contract chipmaker, citing sustained capacity tightness and powerful demand driven by artificial intelligence. The upgrade highlights growing confidence that TSMC will remain a key beneficiary of long-term AI, data center, and high-performance computing investment.
Goldman Sachs lifted its target price on TSMC (TW:2330) to NT$2,330 from NT$1,720 and reiterated its “conviction buy” rating. According to the brokerage, rapid expansion in AI-related computing and exponential growth in token consumption are fundamentally reshaping global semiconductor demand. This shift is expected to keep silicon demand ahead of supply well into 2027, reinforcing TSMC’s leadership in advanced chip manufacturing.
Following the announcement, TSMC’s Taipei-listed shares jumped as much as 7%, reaching a new record high of NT$1,695. The stock has gained more than 40% so far in 2025, extending a strong rally that has seen shares hit consecutive record levels over the past two sessions. Investor sentiment has been buoyed by renewed optimism around AI spending and expectations that chipmakers will disproportionately benefit from accelerating investments in data centers and high-performance computing from 2026 onward.
Goldman Sachs also revised its long-term outlook for TSMC’s capital expenditure, forecasting that the company will deploy more than $150 billion between 2026 and 2028 to meet structural demand. The bank expects continued tightness in advanced-node wafer capacity, particularly in 3-nanometre and 5-nanometre processes, through 2026 and 2027. This capacity constraint is seen as supportive of pricing power and margins.
In addition, Goldman raised its revenue growth estimates for TSMC in U.S. dollar terms, projecting 30% growth in 2026 and 28% in 2027, up from previous forecasts of 22%. The revised outlook underscores the belief that AI-driven semiconductor demand will remain a powerful tailwind for TSMC’s earnings and valuation in the years ahead.
