Taiwan Semi rises after Morgan Stanley moves it to Top Pick on AI demand

Hsinchu, Taiwan -Jan 12, 2025:TSMC Museum of Innovation Exterior.Taiwan, TSMC is the world"s largest dedicated independent semiconductor foundry.

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Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) rose about 3% after Morgan Stanley moved the company back to its Top Pick following “robust AI capex guidance” from Meta Platforms (META) and Microsoft (MSFT).

The firm has an Overweight rating and a

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