TSMC's Secret Weapon In AI

redstallion/iStock via Getty ImagesInvestment Thesis Following our May coverage of TSMC (NYSE:TSM), the stock quickly climbed close to our initial target price of $185, doing so sooner than expected. Based on TSMC's leading revenue growth and strong positioning in core markets, we are revising our target price upward to $210. Key growth drivers include TSMC's leadership in advanced technologies such as AI and high-performance computing (HPC). Its ability to make strategic acquisitions also solidified it ...