币界网报道：Goldman Sachs has added Taiwan Semiconductor Manufacturing Co. (TSMC) to its Conviction Buy List and raised its price target to $5,250, citing strong growth prospects in the semiconductor sector. The investment bank highlighted TSMC's leadership in advanced chip manufacturing and its strategic position in the global supply chain as key drivers for the upgrade. Goldman Sachs analysts noted that TSMC's technological edge, particularly in 5nm and upcoming 3nm processes, positions it to capitalize on rising demand from sectors like AI, 5G, and automotive. The firm also emphasized TSMC's robust capacity expansion plans and long-term contracts with major clients, which are expected to sustain revenue growth and margin stability. The price target adjustment reflects confidence in TSMC's ability to maintain its market dominance despite geopolitical and supply chain challenges. Goldman Sachs' bullish stance aligns with broader industry optimism around TSMC's role in enabling next-generation technologies. The upgrade comes as global semiconductor demand continues to outstrip supply, with TSMC well-positioned to benefit from sustained industry tailwinds. Analysts also pointed to TSMC's disciplined capital allocation and strong free cash flow generation as supportive factors for the stock's valuation. The Conviction Buy designation signals Goldman Sachs' high conviction in TSMC's outperformance potential relative to peers. The report underscores TSMC's critical role in the tech ecosystem and its pricing power amid ongoing chip shortages. Goldman Sachs' revised outlook follows TSMC's recent guidance for another year of record revenue in 2024, driven by continued strength in high-performance computing and smartphone applications.