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🧠 AI🟢 BullishImportance 7/10
Taiwan Semiconductor (TSM) Stock Soars 83% — Bernstein Says Rally Isn’t Over Yet
🤖AI Summary
Taiwan Semiconductor (TSM) stock has surged 83% with Bernstein upgrading the stock to a NT$2,200 target price. The company expects AI revenue to exceed 20% by 2026 as part of a $45 billion expansion plan.
Key Takeaways
- →TSM stock has rallied 83% with Bernstein maintaining bullish outlook despite the significant gains.
- →Bernstein upgraded TSM with a price target of NT$2,200, indicating further upside potential.
- →AI-related revenue is projected to surpass 20% of total revenue by 2026.
- →The company is executing a massive $45 billion expansion plan to capitalize on AI demand.
- →Analysts believe the AI-driven rally in semiconductor stocks still has room to run.
Read Original →via Blockonomi
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