TSMC Forecasts Surge in Q2 Chip Sales, Expects 21% Upside According to Analyst

A Wall Street analyst has raised the price target for Taiwan Semiconductor Manufacturing (TSMC) by 21%, citing the company's strong position in the AI market. Despite potential short-term challenges such as production delays and inventory losses due to a recent earthquake in Taiwan, the analyst believes TSMC will make up for any lost sales and meet its full-year forecast. With the increasing demand for AI processors, TSMC presents an attractive opportunity for investors, selling at a slight discount compared to the S&P 500.