Bank of America Securities Reiterates Buy Rating on Taiwan Semiconductor Manufacturing (TSM) Stock

Core Insights - Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) is recognized as one of the best wide moat stocks to buy currently, attributed to its cost advantage and intangible assets [1] - Bank of America Securities analyst Robert Cheng has reiterated a "Buy" rating on TSM's stock with a price target of $330.00, supported by strong future prospects and improved pricing outlook [1][2] - The company is expected to ramp up its 2nm technology in 2026, which, along with an increased average selling price and strategic overseas expansion, bolsters the analyst's positive outlook [2] Financial Performance - TSM's consolidated revenue for September 2025 was approximately NT$330.98 billion, reflecting a decrease of 1.4% from August 2025 but an increase of 31.4% from September 2024 [2] - For the period from January to September 2025, TSM reported revenue of NT$2,762.96 billion, marking a year-over-year increase of 36.4% [2] Market Position - TSM benefits from its leadership in leading node manufacturing, allowing it to capture market share and meet the strong demand for high-performance computing and AI infrastructure [3] - While TSM is viewed as a solid investment, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [3]