D.A. Davidson raised TSMC's target price from $450 to $500, and TD Cowen raised TSMC's target share price from $400 to $440. TSMC once fell more than 3% in early trading, and Taiwanese stocks once fell more than 4% to the 44,000 point mark in early trading. Analysts believe that it was mainly dragged down by a sharp return in stock prices after TSMC investors' briefing. Under TSMC's lead decline, market sales pressure drove the AI sector to fall sharply, causing the index decline to over 4% at one point.

Zhitongcaijing · 1d ago
D.A. Davidson raised TSMC's target price from $450 to $500, and TD Cowen raised TSMC's target share price from $400 to $440. TSMC once fell more than 3% in early trading, and Taiwanese stocks once fell more than 4% to the 44,000 point mark in early trading. Analysts believe that it was mainly dragged down by a sharp return in stock prices after TSMC investors' briefing. Under TSMC's lead decline, market sales pressure drove the AI sector to fall sharply, causing the index decline to over 4% at one point.