TSM Seen as a “Quality Compounder” With Multi-Year AI Upside, Says Bernstein

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Trending AI Stocks on Wall Street. On December 8, Bernstein SocGen Group raised the price target on the stock to $330.00 from $290.00, while maintaining an “Outperform” rating. The firm sees TSM as a “quality compounder” driven by CoWoS ramp, AI demand, and pricing power across nodes. According to the firm, increased CoWoS (Chip on Wafer on Substrate) capacity will serve as a major driver for revenue growth toward Taiwan Semi’s 5 ...