TSMC Stock Skyrockets on AI Boom — Analysts See More Upside
TSMC shares closed at $304.71 in New York and NT$1,465.00 in Taipei on Oct. 15, up about 45% year-to-date amid soaring AI chip demand. Preliminary Q3 revenue reached NT$989.9 billion (≈$32.5 billion), up 30% from a year earlier and above forecasts. Analysts expect record quarterly profit and have raised price targets. TSMC’s market cap stands at $1.1 trillion, but geopolitical tensions around Taiwan remain a concern.