Wall Street Loves Taiwan Semi. Should You Buy TSM Stock Now?

Core Viewpoint - TSMC is positioned as a leader in the semiconductor industry, with strong growth prospects driven by advanced manufacturing, high-performance computing, and artificial intelligence [2][6] Analyst Ratings - Needham analyst Charles Shi maintains a "Buy" rating with a price target of $270, highlighting TSMC's resilience and growth drivers such as access to China and AI demand [2] - Other firms including Barclays, Susquehanna, Goldman Sachs, and Bernstein also maintain "Buy" ratings for TSMC [3] - Bank of America Securities analyst Brad Lin reaffirms a "Buy" rating with a price target of $290, citing TSMC's expected exemption from U.S. semiconductor tariffs and strong demand for AI and HPC [4] - Overall, 9 out of 12 analysts rate TSMC stock as a "Strong Buy" [5] Financial Performance - In Q2, TSMC reported revenue of $30.1 billion, representing a 44.4% year-on-year increase, while earnings per share rose by 60.7% [6] - The revenue mix indicates technology leadership, with 3-nanometer technology accounting for 24% of wafer revenue, 5-nanometer for 36%, and 7-nanometer for 14% [6] - Advanced nodes (7-nm and below) contributed to 74% of wafer shipments, showcasing TSMC's focus on cutting-edge technology [6]