Goldman Sachs increased its price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from NT$1,210 to NT$1,370 following a strong second-quarter analyst meeting. The investment bank noted TSMC’s optimism on advanced node demand, with revenue from the N2 node expected to surpass that from the N3 during the initial ramp-up phase.

TSMC management raised its 2025 revenue target to “30% YoY” growth, indicating robust demand across all business areas. While TSM offers investment potential, some AI stocks may offer greater upside and lower downside risk. Investors seeking undervalued AI stocks can explore opportunities in the market.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a prominent Taiwanese company providing semiconductor manufacturing services. Despite its strong position in the market, there are other AI stocks with significant growth potential and strategic advantages, especially in the current economic landscape. Investors can explore various investment opportunities in the AI sector for potential returns.

Goldman Sachs’ positive outlook on TSMC’s future prospects is driven by strong demand for AI chips and advanced node technology. The company’s commitment to innovation and growth has positioned it as a key player in the semiconductor industry, attracting investor interest and confidence in its long-term performance. Investors can monitor TSMC’s developments for potential investment opportunities in the market.

Read more at Yahoo Finance: Goldman Sachs Hikes TSMC (TSM) Price Target on Strong AI Chip Demand