Analysts revise TSMC stock price target

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) surpassed revenue and profit expectations in the second quarter due to demand for advanced chips in artificial intelligence (AI) applications. TSMC reported revenue of NT$673.51 billion ($20.82 billion), exceeding the expected NT$657.58 billion, and net income of NT$247.85 billion, higher than the anticipated NT$238.8 billion. Compared to a year ago, net revenue rose by 40.1%, and net income increased by 36.3%. The firm had projected second-quarter reve ...