TSM Price target $300
$Taiwan Semiconductor Manufacturing(TSM)$ is breaking out above $270, backed by strong technical indicators and solid fundamentals.
The charts show a clear uptrend with price trading above key EMAs, RSI holding at 72+, and a bullish MACD crossover.
Fundamentally, TSM continues to dominate with 36% revenue growth, with 50% of that growth driven by AI demand. The company remains a key beneficiary of the ongoing semiconductor surge.
🎯Price target: $300
What's your take on this breakout?
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