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TSMC Stock Price Target Raised to $290 on Strong AI Demand

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the AI Stocks on Wall Street’s Radar. On September 4, Bernstein SocGen Group analyst Mark Li raised the price target on the stock to 290.00(from290.00 (from 249.00) while maintaining an Outperform rating. The firm cited a better artificial intelligence outlook behind the rating affirmation. According to the firm, strong AI demand, coupled with improving non-artificial segments, will lead to 33% revenue growth for the year. Export data confirms ...