TSMC Stock Reaches Unprecedented Peak Fueled by AI Expansion

Taiwan Semiconductor Manufacturing Company (TSMC) is experiencing a monumental surge, with its shares catapulting to a fresh 52-week peak. This landmark achievement underscores the chipmaker’s pivotal role in the global artificial intelligence arms race, a position few other companies can claim. The driving forces behind this exceptional performance and its potential for continuation are now the focus of market attention.

A significant catalyst for the recent upward momentum was an analyst upgrade from Barclays. On Tuesday, the investment bank reinforced its positive stance, maintaining its “Overweight” recommendation while substantially increasing its price target. The bank’s strategists raised their target to $325, a notable jump from the previous $275. The market response was swift and decisive. In New York trading, the company’s American Depositary Receipts (ADRs) advanced to... Read more...