TSMC stock just hit a record — and the gains may be only starting

What happened: Taiwan Semiconductor ($TSM) shares hit a record high this week. Citi analyst Atif Malik raised his earnings estimates for the company for the next two fiscal years. Key numbers: Shares up 61% year to date. Malik expects over 40% year over year revenue growth into 2027. Earnings report due Oct. 15. Why it matters: Malik expects another round of consensus earnings upgrades, citing AI compute demand, agentic AI upside, and the CPO networking cycle. He sees TSMC AI revenue nearly doubling next year as major customers guide to accelerating growth.

Taiwan Semiconductor ($TSM) shares hit a record high this week. Citi analyst Atif Malik raised his earnings estimates for the company for the next two fiscal years.

Malik expects another round of consensus earnings upgrades, citing AI compute demand, agentic AI upside, and the CPO networking cycle. He sees TSMC AI revenue nearly doubling next year as major customers guide to accelerating growth.