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BofA Elevates Taiwan Semiconductor (TSM) Price Target to $590 Amid US Expansion Success
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BofA Elevates Taiwan Semiconductor (TSM) Price Target to $590 Amid US Expansion Success
Key Takeaways Bank of America reports TSMC’s Arizona manufacturing facility is advancing successfully, with revenue jumping 17% sequentially and 145% annually. BofA analysts increased their TSM price objective to $590 while reaffirming their Buy recommendation. The chipmaker’s board greenlit $29B in American capital investments, representing approximately 99% growth versus the prior year. Shares began trading at $430.33 on Tuesday, approaching …
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