TSMC shares hit record high after Morgan Stanley lifts client Nvidia's price target on AI chip demand

TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023Shares of Taiwan Semiconductor Manufacturing Company reached an all-time high on Thursday after Morgan Stanley lifted the price target on chip designer Nvidia, citing a continued surge in AI demand.TSMC, which is the world's largest producer of advanced processors, manufactures chips for companies such as Nvidia and Apple.Morgan Stanley increased the price target on the U.S. chip gi ...