Intel should have focused on AI rather than chipmaking, TSMC founder says
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Bernstein SocGen Group Reiterates Outperform Rating on Taiwan Semi (TSM)
December 10, 2024 7:36 AM ESTBernstein SocGen Group analyst Mark Li reiterated an Outperform rating and $258.00 price target on Taiwan Semi (NYSE: TSM)
The analyst comments "This afternoon TSMC reported November revenue at NT$276B, down 12% MoM but up 34% YoY. The revenue from Oct & Nov added up to NT$590B, representing 69.6% of TSMC's 4Q24 guidance mid-point, towards the high end of the range of 65-72% seen in the past eight years (Exhibit 2). If December follows the average... More
