TSM closed strongly, gaining 2.29% to $334.87, following the broader Nasdaq rally despite significant volatility in the semiconductor sector caused by Intel's weak guidance.
- Analyst consensus remains highly bullish with 98% buy ratings and a price target of $408.50.
- The stock's rise occurred amid a volatile tech day, where Intel plunged 17% on weak guidance, partially offset by gains in Nvidia and AMD.
- TSM traded slightly lower in after-hours, settling at $334.70 (-0.05%).