Bernstein SocGen Group raised its price target for Taiwan Semiconductor Manufacturing Co. (TSM) to $430 from $351. The firm maintained its Outperform rating. Analyst Mark Li labeled the company the most trustworthy AI compounder.
Li forecasts a 28% compound annual growth rate for earnings per share over the next two and a half years. TSM is currently mass-producing true 2nm chips. This technology provides a significant lead over competitors Intel and Samsung. Capacity-constrained demand continues to solidify TSM's market position.