"TSMC Shares Soar as Morgan Stanley Raises Nvidia's Price Target on AI Chip Demand"

Taiwan Semiconductor Manufacturing Company (TSMC) shares hit a record high after Morgan Stanley raised chip designer Nvidia's price target due to increased demand for AI chips. TSMC, the world's largest processor producer, manufactures chips for companies like Nvidia and Apple. The surge in AI demand has led to a positive outlook for Nvidia, with Morgan Stanley increasing its price target to $750. Nvidia's B100 GPU is expected to be a game changer in AI processing, and TSMC is currently manufacturing 3-nanometer chips with plans for 2-nanometer mass production in 2025.