TSMC (TSM, Financial) shares rose 3% to $214.89 in pre-market U.S. trading. The company reached a historic high of 1,025 New Taiwan dollars on the Taiwan Stock Exchange, alongside setting a new record in U.S. night trades. Wall Street continues to have a positive outlook for TSMC in 2025. Morgan Stanley suggests that TSMC often starts the year with conservative forecasts and then exceeds expectations.
UBS highlighted the strong demand for high-performance computing and cloud AI, projecting a significant 25% revenue growth for TSMC in 2025. Goldman Sachs forecasts a modest 2.2% sequential decline in TSMC’s revenue for the first quarter of 2025, making it one of the more optimistic major investment banks.