Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) is considered one of the best stocks for the next decade, with Wall Street analysts bullish on its performance. Bernstein raised TSM’s price target to $330, citing the company’s capacity expansion to meet demand for Nvidia’s chip architectures through 2025 and 2026.

Following a strong November revenue report, Bernstein SocGen Group reaffirmed an Outperform rating and $330 price target for TSM. The company’s strategic importance in the AI ecosystem has attracted positive sentiment, prompting BofA to raise its price objective to $360 due to TSMC’s clear trajectory in the AI sector.

TSMC manufactures, packages, tests, and sells ICs and other semiconductor devices globally. While TSM is seen as a solid investment, some analysts believe other AI stocks offer greater upside potential and less downside risk. For those seeking undervalued AI stocks, consider exploring the best short-term AI stock.

For more investing insights, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now” on Insider Monkey’s website. This article does not contain any disclosures.

Read more at Yahoo Finance: Is TSMC (TSM) One of the Best Stocks for the Next Decade?