DA Davidson Assigns TSMC (TSM) a Buy Rating Amid AI Demand Growth

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among billionaire Stanley Druckenmiller’s 10 best stock picks. On February 12, DA Davidson began coverage of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), issuing it a Buy rating and a $450 price target. The firm stated that the company’s “compounding execution moat in leading edge manufacturing” results in a “durable, self-reinforcing advantage” as interest in artificial intelligence processing grows. Taiwan Semi’s comp ...