According to 24/7 Wall St., as of Nov 6, Taiwan Semiconductor Manufacturing Company (TSMC) closed at $375.44 and has a target price of $516.16, implying 37.5% upside potential. The research firm issued a "buy" rating with a 90% confidence level, citing TSMC's dominant control of advanced chip manufacturing critical to AI supply chains. Third-quarter earnings released on Oct 15 showed EPS of $4.60, beating market expectations of $4.46, with revenue of $46.72 billion, up 41.2% year-over-year. Wall Street consensus target price is higher at $584.39.

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