TECH - Taiwan Semiconductor's Expansion in AI and 2nm Technology Set to Boost Future Growth Analyst Says | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) will hold a press conference on July 18.
As demand for generative AI continues to expand, UBS gave TSMC a “Buy” rating with a target price of 1,070 yuan.
The “four questions” from UBS include the outlook for the semiconductor cycle, gross profit margin trends, capital expenditure updates and order visibility for 2025, and the potential advancement of 2nm processes, UDN reports.
UBS noted the semiconductor cycle will benefit from solid cloud AI and high-performance computing (HPC) applications.
They expect TSMC’s gross profit margin to rise due to expanding AI demand and advanced process technology. UBS estimates EPS from 2024 to ...