Due to severe supply constraints, market expectations for the earnings of Asian AI semiconductor and server supply chain companies will continue to rise this year, Nomura released a research report saying.

The broker believed that, with a relatively cautious capacity expansion plan, TSMC (TSM.US) can fully leverage the strong AI logic semiconductor industry led by Nvidia (NVDA.US) and Broadcom (AVGO.US) to achieve potential growth this year, resulting in a 25-30% revenue increase (in USD terms).

Therefore, Nomura also elevated its target price for TSMC's Taiwan stock from TWD1,855 to TWD2,135, and maintained the valuation basis at 25x the projected 2026 EPS, with rating reiterated at Buy.
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AASTOCKS Financial News
Website: www.aastocks.com

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