Analysts See Continued Upside in TSMC (TSM) Amid AI Demand

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the best stocks you’ll privation you bought sooner.

As of December 2, the semiconductor foundry elephantine TSMC is simply a statement Buy with astir each the analysts covering it assigning a Buy oregon equivalent rating. It is not lone the affirmative sentiment; analysts besides expect the banal to emergence by much than 21% from the existent level, with a 1-year median terms people of $355.

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Corroborating the affirmative opinions, Bank of America Securities expert Mike Yang reaffirmed his Buy standing connected Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) connected November 17, on with a terms people of $390. The expert based his concern lawsuit connected the company’s capabilities successful precocious semiconductor technologies, peculiarly successful 2nm enlargement and high-end packaging, which should assistance it support its borderline implicit competitors.

In his earlier enactment connected November 10, Yang highlighted that TSMC’s (NYSE:TSM) merchandise backlog is supported by rising superior expenditure from ample hyperscaler companies specified arsenic Google and Microsoft, which should underpin continued request for unreality AI infrastructure into 2026.

More recently, the limelight was connected Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) November 25^th lawsuit against a erstwhile elder vice president, Wei-Jen Lo, who had worked with the institution for 21 years earlier joining Intel successful July this year. The suit alleged that “There is simply a precocious probability that Lo uses, leaks, discloses, delivers, oregon transfers TSMC’s commercialized secrets and confidential accusation to Intel.”

While this improvement enactment unit connected the banal price, Intel’s absorption denied the leak and had earlier told Bloomberg News that the “company respects intelligence spot rights.”

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is the world’s largest declaration semiconductor manufacturer, specializing successful precocious logic chips for starring exertion companies.

While we admit the imaginable of TSM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.