Nvidia hits record high as chip stocks rally on TSMC's rosy AI-powered outlook

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TSMC (2330:TT) (TSM) PT Raised to NT$1,400 at BofA Securities, 'We reit Buy despite recent demand concerns'

October 17, 2024 9:27 AM EDT

BofA Securities analyst Brad Lin raised the price target on TSMC (2330:TT) (NYSE: TSM) to NT$1,400.00 (from NT$1,200.00) while maintaining a Buy rating.

The analyst comments "We raise our PO to NT$1,400 (35% upside potential), to reflect TSMCs stronger 3Q results/4Q guidance, better... More