Taiwan Semiconductor Manufacturing (TSM) News Today

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) is seeing a mix of bullish analyst actions, robust revenue beats and supportive policy developments driving its stock higher after recent upgrades, despite a brief pullback amid broader market swings.

• Positive Sentiment: Needham & Company raised its price target on TSMC to $270 and reiterated a Buy rating, implying double-digit upside potential Price Target Raised
• Positive Sentiment: BofA analyst Brad Lin maintained a Buy rating with a $220 target, and TipRanks highlights AI-driven revenue surges and strategic investments as key upside drivers Buy Rating Maintained
• Positive Sentiment: May revenue rose 40% year-over-year, comfortably beating estimates and underscoring continued strength in AI chip demand Revenue Beat
• Positive Sentiment: The U.S. Senate’s approval of a 35% chip investment tax credit provided fresh tailwinds for TSMC and its peers Tax Credit Bill
• Neutral Sentiment: TSMC Arizona Corporation announced a leadership change with the appointment of a new director, reflecting ongoing organizational updates at its key U.S. unit Leadership Change
• Neutral Sentiment: Included among The Motley Fool’s “3 Tremendous Growth Stocks to Buy With $500,” showcasing its appeal in retail growth-oriented portfolios Growth Stock Recommendation
• Negative Sentiment: The stock dipped about 2.1% on July 1 amid broader market volatility, though it quickly rebounded on fresh bullish catalysts Price Dip