Taiwan Semiconductor Manufacturing reports 30% year-over-year revenue growth, driving shares close to record levels amid strong AI demand.
Taiwan Semiconductor Manufacturing (TSM) trades at $455.10, near its 52-week high of $476.79, after reporting 30.1% year-over-year revenue growth in May, up from 21.45% in Q1 2026. Net income surged 44% in Q1, reflecting strong operating leverage as AI-driven demand accelerates.
Analysts remain largely bullish, with 17 of 19 covering the stock rating it Buy or Strong Buy. However, consensus price targets suggest only 7% upside from current levels. Price models project a base case of $502 and a bull target of $525, while a bear scenario could push shares down to $411 on an AI capex slowdown.
TSM, the world’s largest semiconductor foundry, manufactures chips for NVIDIA, Apple, and AMD, benefiting from AI infrastructure spending. A recent patent complaint briefly weighed on the stock before buyers re-entered the market.