Citi Remains Bullish on Taiwan Semiconductor (TSM) Amid Growing Demand for AI-Driven Chips

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is included successful our database of the 14 hedge money favorites with beardown setup successful 2026.

As of March 30, 2026, Citigroup reaffirmed its “Buy” standing connected Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), raising its terms people to NT$2,800 from NT$2,600.

After incorporating the company’s increasing request for AI-driven chips successful its model, the concern steadfast boosted its net projections done 2028. The $4.08 and $5.18 EPS estimates, acceptable for 2027 and 2028, respectively, are 18% and 28% higher than the Bloomberg consensus. Additionally, the steadfast projects that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s nett net would summation from astir $53.7 cardinal successful 2025 to astir $75.8 cardinal successful 2026, reaching $105.8 cardinal and $134.2 cardinal successful 2027 and 2028, respectively.

Meanwhile, connected March 16, 2026, Bernstein SocGen Group raised the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s terms people to $351 from $330, portion maintaining an “Outperform” rating. This was owed to the ongoing request for some AI and non-AI products. According to Bernstein, portion XPU request inactive exceeds capableness and should underpin aboriginal growth, AI gross is expanding beyond XPU into HBM base-die production.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest semiconductor foundry and is engaged successful the manufacturing and designing of semiconductor chips. These chips are utilized by companies crossed respective extremity markets, including idiosyncratic computers and peripheral products, user electronics, wired and wireless communications systems, and automotive and concern equipment.

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