$Taiwan Semiconductor Manufacturing(TSM)$ Needham raised its TSMC price target to $530 from $480, maintaining a Buy rating. Analyst Charles Shi mentioned the firm is updating its AI Wafer Demand Model and incorporating TSMC's recent earnings into its company model. Needham also expects TSMC to deliver 40% and 24% top-line growth, with $80B and $90B CapEx in 2027 and 2028, respectively.
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