Nomura Securities raises TSMC target price to NT$3,425, suggesting approximately 46.4% upside from current stock price.

Mars Finance reports that Nomura Securities has raised the target prices for multiple AI semiconductor and hardware stocks. The most core action is raising TSMC’s target price from NT$2,820 to NT$3,425, implying an upside potential of approximately 46.4%. Nomura analysts believe that the AI infrastructure investment cycle has not yet peaked; in 2027, they have also raised their estimate for new data center capacity to about 32GW, which suggests continued increases in AI chip demand. In addition to TSMC, Nomura has raised target prices for AI semiconductor and hardware-chain companies such as MediaTek, ASE, EMC, and ZDT. (Caixin)
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