D.A. Davidson initiated coverage of Taiwan Semiconductor Manufacturing Company with a Buy rating. The firm set a price target of $450.00.
Analysts cite TSM’s "compounding execution moat" in leading-edge manufacturing as a sustainable advantage. This position leverages growing demand for artificial intelligence computing.
TSM converts architectural transitions into high-volume manufacturing platforms. The N2 node is currently in volume production. The upcoming A16 node further demonstrates this competitive edge.