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Goldman Scales Back TSM But Still Believes | Durham News
Goldman Sachs quietly pulled TSM from its Asia-Pacific Conviction List — a move signaling cooled enthusiasm, not a sell-off — as the chip giant’s meteoric rise, fueled by AI demand, hits its stride. Despite insider selling and analysts trimming their excitement, TSM’s fundamentals remain rock-solid: record highs, 40% revenue growth, and a projected $1.5 trillion chip market by 2030. While Goldman’s move hints at a more cautious outlook, peers like Bank of America and UBS are raising targets. The real test? TSM’s Q2 earnings on July 16 — investors will watch margins, growth, and capital plans…
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