TSMC's Share Price Hits Record High, Morgan Stanley Ups Target, Optimism for Q2 Results

TapTechNews July 8th news, the share price of TSMC (Taiwan Semiconductor Manufacturing Company) once hit a record high during trading in Taipei on Monday (July 8th) after Morgan Stanley raised the company's target share price, and many brokerages have made optimistic predictions about the company.

TSMCs Share Price Hits Record High, Morgan Stanley Ups Target, Optimism for Q2 Results_0

On Monday, TSMC's share price rose by as much as 4.5% in Taipei,reaching a high of NT$1050 per share, and the final closing price was NT$1035.Since the beginning of this year, its increase has exceeded 75%.

Morgan Stanley raised TSMC's target share price by about 9% and expects the company to raise its full-year sales forecast at next week's earnings conference. The investment bank also believes that due to TSMC's strong bargaining power, it will increase the price of wafer foundry.

TSMC's 'hunger marketing' strategy seems to be working, Morgan Stanley analyst Charlie Chan and others wrote in a report on Sunday. Our latest supply chain survey shows that TSMC is sending a message that the leading wafer foundry capacity in 2025 may be in short supply, and if customers do not recognize the value of TSMC, they may not be able to get enough capacity allocation.

Morgan JP Morgan analyst Gokul Hariharan and others also expect the company to raise its revenue guidance at the earnings call. He wrote in a report on Sunday: We expect TSMC to take a more constructive attitude towards the demand for AI accelerators.

Many brokerages including Nomura Holdings and Mizuho Securities, like Morgan Stanley and Morgan JP Morgan, are optimistic about TSMC's upcoming second-quarter results. This global manufacturer of the most advanced chips is expected to report a revenue increase of 36% year-on-year, the fastest growth rate since the fourth quarter of 2022.

Earlier this week, due to the market's optimistic expectations for its performance, TSMC's share price in Taipei broke through the psychological threshold of NT$1000 per share. The company's market capitalization based on American Depositary Receipts recently exceeded Berkshire Hathaway,becoming the world's eighth-largest listed company, with a current market capitalization of over $950 billion (TapTechNews note: currently about 6.93 trillion yuan).