Catenaa, Monday, January 05, 2026- Taiwan Semiconductor Manufacturing Company (TSMC) stock climbed by the most since April, as Goldman Sachs raised its price target of the world’s largest contract chipmaker.
Shares of the key supplier to Nvidia and Apple jumped as much as 6.9% to touch a new record high in Taipei. That came after Goldman Sachs Group Inc. raised its TSMC price target 35% to NT$2,330, citing expectations of another year of solid growth.
The company’s US stock was up 1.7% in New York trading on Monday. Tech stocks across Asia and the US also gained, including Samsung Electronics, Intel, Arm Holdings, and CoreWeave.
Investors are plowing cash into AI bets despite recent concerns about a bubble.
The sector was once again the biggest boost for equities in Asia as the fear of missing out overcame concerns about short-term volatility due to the US-Venezuela conflict.
“We view AI as a multi-year growth engine for TSMC,” Goldman analysts, including Bruce Lu, wrote in a report.
Lu noted the company’s profit margins are improving, even as he projected it will spend $150 billion over the next three years to increase capacity.
Chinese chip stocks gained after the nation’s integrated circuit investment fund raised its stake in Semiconductor Manufacturing International, and DeepSeek flagged a more efficient approach to training AI.
TSMC helped drive Taiwan’s Taiex up more than 3% to a record of over 30,000, a level that “seemed almost impossible” until recently, according to Juan Ching-hwa, Taiwan’s deputy finance minister. Still, given the chipmaker’s dominance, there are “hopes for a more balanced structure,” he said.
