TSMC ADRs traded up 1.35% to $302.82 on December 26, extending gains amid strong market focus on large-cap tech and optimistic AI-driven forecasts.
- Taiwan shares closed higher, with TSMC (2330.TW) rising 1.0% to NT$1,510, helping the Taiex reach a record high of 28,556.02.
- The company is projecting a $47B capital expenditure for 2026 and expects revenue growth exceeding 30%.
- Analyst price targets are currently clustered between $355 and $361, coinciding with the upcoming December 31 VEU policy deadline.