US Stock Market Move | Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rose nearly 5% to a historic high. Goldman Sachs Group, Inc. forecasts a 26.8% increase in revenue for this year.

On Monday, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) opened up nearly 5%, hitting a new all-time high of $218.10. In terms of news, Goldman Sachs Group, Inc. reported that it expects Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR to achieve steady revenue growth this year, with an estimated year-on-year increase of 26.8% (in USD, the same below), compared to last year's revenue growth of 29.4%, mainly driven by strong demand for advanced process nodes, particularly in the field of artificial intelligence (AI). At the same time, the bank believes that the competitive environment for Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR is more favorable, as Samsung and Intel Corporation (INTC.US) face more difficulties in transitioning to advanced process nodes. Therefore, the bank predicts that prices for 3 nanometer and 5 nanometer chip nodes will increase by mid-single digits starting this year, while prices for advanced AR/VR packaging technology (CoWoS) may increase by around 10%. Against the backdrop of rising prices, the bank estimates that Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR's gross margin for this year will increase to 59.3%, compared to 56.1% last year.