Lates News

Goldman Sachs raised TSMC's target price and capital expenditure forecasts due to continued expansion in GPU, networking chip, and server CPU demand driven by AI. Analyst Evelyn Yu noted, "Stronger CPU demand driven by Agentic AI is a key change over the past year." Goldman Sachs expects TSMC's 2026/2027 revenue to grow 42.0%/36.9% year-over-year (in USD terms), with gross margins of 67.2%/67.5%, respectively; it also raised its 2027/2028 capital expenditure forecast from $78 billion/$82 billion to $85 billion/$98 billion to support long-term customer demand. Maintains "Buy" rating, raising target price from NT$3,100 to NT$3,300.