Taiwan Semiconductor Manufacturing Company (TSM, Financial) saw its stock price rise by 3% to $214.89 in pre-market trading. The company also reached a new historical high in the Taiwan stock market.
Wall Street remains optimistic about TSM's prospects for 2025. Analysts from Morgan Stanley suggest that TSM often sets conservative expectations at the beginning of the year, only to exceed them later. UBS highlights strong demand in high-performance computing and cloud AI as key drivers for a potential 25% revenue growth throughout 2025.
Goldman Sachs forecasts a modest 2.2% quarter-over-quarter revenue decline for TSM in the first quarter of 2025, which is considered an optimistic outlook among major investment banks.
