Taiwan Semiconductor Manufacturing Co. (TSMC) shares surged to a record high on January 5, 2026. Its Taipei-listed stock climbed as much as 6.9%.
The rally followed Goldman Sachs raising its price target for the chipmaker by 35%. The new target stands at NT$2,330.
Goldman Sachs cited a strong growth outlook driven by the artificial intelligence (AI) sector. The surge pushed TSMC's market capitalization in Taiwan past the NT$42 trillion mark.
Analysts highlighted AI as a "multi-year growth engine" for the company. TSMC projects spending $150 billion over the next three years to expand capacity and meet structural demand for advanced chips.