US Stock Market Move | Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rose more than 3%. JP Morgan responds to rumors of CoWoS order cuts: demand remains strong.

On Tuesday, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rose over 3% to $179.53. Morgan Stanley recently released a research report in response to rumors of order cuts for Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR. Based on supply chain research, the firm believes that initial demand estimates for 2025 were indeed overestimated, but this does not mean that there is a demand issue. Furthermore, the firm believes that due to Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR's near-monopoly position in the AI accelerator and edge AI fields, structural growth momentum will remain strong. They have maintained a "hold" rating on the stock and set a target price of NT$1500 for December 2025.