GF Securities expects TSMC to raise its full-year guidance at the July 16 analyst meeting. The firm also anticipates an increase in capital expenditure plans for 2027.
Analysts reiterated a Buy rating and raised the price target to NT$2,900 from NT$2,808. This revision follows sustained demand for AI accelerators and CPUs.
GF Securities projects second-quarter revenue will exceed previous company guidance. The firm forecasts 13% sequential growth for the third quarter, surpassing the 9% market consensus.
The optimistic note arrived as the TAIEX index dropped over 1,000 points. TSMC shares faced downward pressure alongside the broader technology sector.