Goldman Sachs Raises TSM Target to NT$2,330 on Exploding AI Demand

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the AI Stocks on the Market's Radar. On January 4, Goldman Sachs raised its price target on the stock to NT$2,330.00 from NT$1,720.00 while maintaining a Conviction Buy rating. The firm has raised its earnings estimates for 2026 and 2027 by up to 15%, driven by a “multi-year growth engine” in artificial intelligence (AI). According to analyst Bruce Lu, surging demand for AI tokens is rising exponentially, which means chip demand will ...