Where is the confidence of Taiwan Semiconductor? Citigroup says AI GPUs will be widely transferred to 3nm technology at the end of next year.

During the crucial development period of AI technology, the two top-tier investment banks on Wall Street - Citibank and JPMorgan - have both raised the target price of Taiwan Semiconductor, the chip-making giant. In their latest research reports, Citibank raised TSMC's target stock price from the previous prediction of NT$1030 to NT$1150, a 22% increase from the current stock price, while JPMorgan raised its target price from NT$900 to NT$1080, maintaining an "overweight" rating. Both investment banks believe that with the rapid development and the continuous expansion of the application of AI technology, TSMC will benefit from the demand for chips in data centers and edge AI, especially in more advanced

wallstreetcn09:48 ET

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JPMorgan: After the price increase, Taiwan Semiconductor's gross margin will increase to 50-60%, and dividends will also grow strongly.

JPMorgan predicts that Taiwan Semiconductor's EPS will increase in the next few years, with a target price of NT$1080. The growth in the field of artificial intelligence is strong, and Taiwan Semiconductor maintains a leading position in the AI chip field.

wallstreetcn02:00 ET

Cathie Wood-Led Ark Picks Up $5.3M Worth Of TSMC Shares— Also Picks Up Palantir, Amazon Stock Amid Ongoing AI Frenzy

On Monday, Cathie Wood-led Ark Invest made some significant trades, with $Palantir(PLTR.US)$, $Taiwan Semiconductor(TSM.US)$, and $Amazon(AMZN.US)$ emerging as the most prominent ones. These trades we

Benzinga00:10 ET

Taiwan Semiconductor Mulls Price Hikes for 3nm Chips - Report

Taiwan Semiconductor Manufacturing (NYSE:TSM) is planning to raise the price of its 3nm chips by over 5%, while advanced packaging prices are expected to increase by 10% to 20% next year, TrendForce reported.

Seeking AlphaJun 17 08:50 ET