Wedbush raised the firm’s price target on TSMC to NT$900 from NT$850 and keeps an Outperform rating on the shares. While TSMC’s quarter had some puts and takes, the firm is viewing results through a constructive lens, given the positive commentary from TSMC regarding its outlook for artificial intelligence. The AI narrative at this juncture dwarfs other data points in light of its importance in driving technology and semiconductor stock valuations, Wedbush adds.
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