Citi said in a research note that Taiwan Semiconductor Manufacturing Co. could keep revenue growth above 40% through 2027, supported by strong demand for AI computing power, the potential expansion of AI agents, and the rise of the co-packaged optics, or CPO, network cycle. The bank added that TSMC’s AI-related revenue growth next year could come close to doubling, as most of its AI chip customers, including Nvidia, Advanced Micro Devices, and Broadcom, are expected to see faster growth. Based on that view, Citi said the market is likely to continue lifting earnings expectations for TSMC. The bank also projected that the company’s capital expenditure could rise to $81 billion in 2027 and $90 billion in 2028, backed by what it described as a strong revenue outlook. Citi maintained its Buy rating on TSMC and lifted its target price to NT$4,000 from NT$3,800. The note was cited by Jin10, according to Odaily.
Odaily reported that Citi analysts said in a research note that Taiwan Semiconductor Manufacturing Co. may keep revenue growth above 40% through 2027, driven by strong demand for AI computing power, the potential growth runway for AI agents, and the emergence of the co-packaged optics (CPO) network cycle.
Citi said TSMC’s AI-related revenue growth next year could come close to doubling, given that most of its AI chip customers, including Nvidia, Advanced Micro Devices (AMD), and Broadcom, are expected to post faster growth. On that basis, the bank said the market is likely to continue revising up earnings expectations for TSMC.
Citi also said TSMC’s capital expenditure could climb further to $81 billion in 2027 and $90 billion in 2028, supported by its strong revenue outlook.
The bank maintained its Buy rating on TSMC and raised its target price to NT$4,000 from NT$3,800.
The report cited Jin10.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
