TSMC Projects Over 40% Annual Growth in AI Chip Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- Earnings Growth Expectation: TSMC anticipates an annualized earnings per share growth rate of 22% over the next few years, reflecting the company's strong competitive position and market demand in the semiconductor industry.
- AI Market Opportunity: Management expects revenue from AI chips to grow at a compound annual rate of over 40% through 2029, which will significantly drive overall revenue growth and solidify the company's market position.
- Stock Performance: Over the past five years, TSMC's stock price has nearly tripled, turning a $1,000 investment into $2,800, showcasing its strong performance in high-performance computing chips and investment appeal.
- Manufacturing Capacity Expansion: CEO C.C. Wei described the demand for AI chips as
TSM
$302.84+Infinity%1D
Analyst Views on TSM
Wall Street analysts forecast TSM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSM is 348.25 USD with a low forecast of 290.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 298.800
Low
290.00
Averages
348.25
High
400.00
Current: 298.800
Low
290.00
Averages
348.25
High
400.00
About TSM
Taiwan Semiconductor Manufacturing Co Ltd is a Taiwan-based company mainly engaged in the provision of integrated circuit manufacturing services. The integrated circuit manufacturing services include process technology, special process technology, design ecosystem support, mask technology, 3DFabricTM advanced packaging and silicon stacking technology services. The Company has completed the transfer and mass production of 5nm technology, and is engaged in the research and development of 3nm process technology and 2nm process technology. The product application range covers the entire electronic application industry, including personal computers and peripheral products, information application products, wired and wireless communication system products, servers and data centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
