TSMC Poised to Dominate Booming AI Chip Market with Leading-Edge Technology
• TSMC seen as critical player in AI processor market, with over 90% market share forecast over next 3-4 years by JPMorgan
• Revenue from AI expected to grow from 6% in 2023 to 27% by 2027 due to HPC advancements, in-sourcing, and robust pipeline
• Analysts predict faster initial production ramp-up for TSMC's 3nm vs 5nm technology
• TSMC stock price targets raised by several analysts recently, with upside seen from current levels
• TSMC seen as key beneficiary as data centers accelerate transition to AI workloads, migrate to more power-efficient servers