Sentiment: Positive
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Taiwan Semiconductor (TSM) Stock Gets $590 Price Target From BofA as US Fabs Gain Ground
By Trader Edge at 2026-10-02 05:47
Sentiment: Positive
TLDR Bank of America says TSMC’s US fab ramp is “progressing well,” with Arizona fab sales up 17% quarter-over-quarter and 145% year-over-year. BofA raised its price target on TSM to $590 and maintained a Buy rating. TSMC’s board approved $29B in US capital appropriations, up roughly 99% year-over-year. TSM opened at $430.33, near its 12-month [...] The post Taiwan Semiconductor (TSM) Stock Gets $590 Price Target From BofA as US Fabs Gain Ground appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central