TSM Stock Rises on AI Revenue Growth Projections

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Jan 03, 2025
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Taiwan Semiconductor Manufacturing Company (TSM, Financial) saw its stock rise 0.76% pre-market trading, with shares priced at $203.12. This follows a 2.07% increase in the previous trading session. Citibank analysts have projected significant growth in TSM's artificial intelligence revenues by 2025, driven largely by NVIDIA potentially becoming its top client, contributing 20% of revenue. Additionally, custom AI chips (ASIC) are expected to bolster TSM's business over the next few years. Citibank forecasts a 20%-25% revenue growth rate for TSM in 2025, with profit margins reaching 50%.

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