2330.TW is trading 4.85% up at $2485.00 after UBS raised its price target to T$3,400 from T$3,000 and maintained a Buy rating.

  • The broker cited surging AI chip demand and upbeat expectations ahead of the company's second-quarter earnings results.
  • The move aligns with broader semiconductor sector enthusiasm, as TSMC remains a primary beneficiary of global AI infrastructure spending.