TSM is trading at $332.31 (+3.12%) amid continued momentum after securing a U.S. Commerce Department one-year export license for its Nanjing fab, allowing imports of American chipmaking equipment.
- Goldman Sachs raised its price target 35% to 2,330 New Taiwanese dollars, citing AI as a multi-year growth engine.
- The company is proceeding with $150B in expansion plans, with improving margins expected despite the massive investment.
- This move extends Friday's 5.17% rally, outpacing modest market gains, further boosted by the AI boom and strong Nvidia ties.