DA Davidson upgraded Taiwan Semiconductor Manufacturing (TSM) to a Buy rating. The firm cites TSMC's position to capitalize on rising AI chip demand.
Benzinga reports a surge in TSMC's momentum score. Big tech AI spending drives this increase.
Institutional firms are currently adjusting positions in the semiconductor company.
Zacks identifies TSMC as central to the AI supply chain. The firm expects AI-related revenue to grow at a compound annual rate exceeding 50%.