Barclays raised its price target for Taiwan Semiconductor Manufacturing Company (TSMC) to $670, reflecting confidence after the company reported its sixth consecutive quarter of record profits and a 51% increase in third-quarter revenue. Despite strong financial performance driven by high demand for chip manufacturing, TSMC's shares fell 1.8% due to broader market concerns like rising interest rates and geopolitical tensions affecting semiconductor stocks. The stock currently trades significantly below the new target, suggesting potential upside if market conditions improve.
TSMC trades at USD 416.54 on Pluang as of Oct 16, 2026 21:41 WIB, down 1.35% for the day. The stock's market cap is $1.96 trillion, with a 52-week high of $485.80. Pluang order activity shows 63% buy interest, indicating ongoing demand despite recent price drops.
Taiwan Semiconductor Manufacturing (TSMC) reported its sixth consecutive quarter of record profits and raised its full-year growth outlook to about 44%, driven by strong AI demand. Despite this, the stock price fell back to levels seen a month ago du...
Taiwan's government supports building $4 billion industrial parks in Texas to house suppliers for Nvidia and TSMC, aiming to ease chip supply constraints. These parks will host smaller suppliers near U.S. assembly sites, reducing shipping delays and ...
The VanEck Semiconductor ETF (SMH) is recommended as a Buy due to strong capital expenditure growth driven by AI investments and a recent sector price correction. SMH offers diversified exposure to leading semiconductor companies like NVIDIA, TSMC, A...
Taiwan Semiconductor Manufacturing Co. (TSMC) is struggling to meet soaring demand for advanced chips driven by the AI boom, creating intense competition for its limited manufacturing capacity. Major tech firms like Nvidia, AMD, Apple, Google, and Am...
Taiwan Semiconductor posted its sixth consecutive quarter of record profits, driven by strong AI-related demand, but its stock fell 3% along with Intel and AMD shares. The company reported higher revenue and net income, beating estimates and raising ...
