Tsm stock forecast has been revised upward following

TSM stock forecast has been revised upward following Taiwan’s Ministry of Economic Affairs report showing semiconductor exports up 12% YoY in June. They raised their forecast for third quarter earnings per share by $0.02 to $0.32 to reflect stronger margins and reiterated a "buy" rating on the stock. The combination of 44% revenue growth , dominance in advanced nodes, and 30% guided FY25 expansion makes TSMC the most critical AI hardware enabler globally. Despite CapEx pressures and geopolitical risks, valuation multiples remain attractive given the company’s unique position as sole supplier for leading-edge nodes. With upside targets ranging from $291 to $450 , the stock remains a Buy , with technical support at $260 and near-term resistance at $291 . Investors betting on AI infrastructure growth cannot ignore TSM as the backbone of global chip supply. Market chatter suggests TSM stock forecast remains bullish on U.S. ADR trading as Taiwan's tech sector ETF inflows reached a 6-month peak last week.