Bank of America Merrill Lynch: TSMC maintains its "buy" rating with its advanced technology and continuous manufacturing efforts.

Bank of America Securities maintains its "Buy" rating on TSMC and reiterates a target price of $220. Analysts point out that the main message is clear - "Artificial intelligence is still in its early stages, TSMC is laying the foundation to support the significant growth in semiconductor demand, which is expected to exceed the $1 trillion mark by 2030."