Bernstein Raises TSMC Price Target, Says Intel and Samsung Haven't Closed Gap
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U.S. research firm Bernstein on the 18th raised its price target for TSMC's ADR from $351 to $430, maintaining an 'Outperform' rating. Analysts noted that despite competition from Intel and Samsung, they have not narrowed the technology gap with TSMC. Bernstein considers TSMC the most reliable compound growth stock in the AI sector, poised to benefit from increased AI capital expenditures by cloud providers and maintaining a solid leadership position.