The world's most powerful chipmaker just became considerably more valuable on Wall Street. On Monday morning, investors poured billions into Taiwan Semiconductor Manufacturing Company (TSMC) shares following an extraordinary analyst upgrade that sent ripples throughout Asia's technology sector and cast fresh light on the seemingly inexorable march of the artificial intelligence boom into 2026.
Shares of the Hsinchu-based firm jumped as much as 6.9 per cent to touch a fresh all-time high in Taipei trading. The catalyst was unmistakable: Goldman Sachs Group Inc. had dramatically lifted its price target by 35 per cent to NT$2,330 (approximately $74 USD), signalling breathtaking confidence in the company's growth trajectory.
