Taiwan Semiconductor Manufacturing Limited (NYSE:TSM) is one of the must-buy US stocks to buy now. On October 27, Needham analyst Quinn Bolton reiterated a Buy rating on Taiwan Semiconductor Manufacturing Limited (NYSE:TSM) and a $360 price target.
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According to the analyst, the company is well-positioned to benefit from increased N3 capacity, which is expected to drive significant revenue growth. While management has reiterated that new fabrications will focus on N2, the analyst expects the 3-nanometer chip manufacturing process technology to be a key growth driver.
The company’s upcoming AI GPU architecture, Rubin GPU, is expected to increase volume in 2026 and also drive underlying growth. Consequently, the analyst expects Nvidia’s growth rate to range between 20% and 25%, with capital expenditure between $45 billion and $50 billion. The predicted growth and stronger outlook not only highlight the company’s ability to maintain its leadership in the industry but also to leverage cutting-edge technology to support growth.
Taiwan Semiconductor Manufacturing Limited is a foundry company that manufactures microchips for other companies that design them. It produces chips for a vast range of products, including smartphones, high-performance computing, automotive electronics, and the Internet of Things (IoT).
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This article is originally published at Insider Monkey.
