TSMC stock
On July 5, 2026, Goldman Sachs significantly increased its 2027 capital expenditure forecast for TSMC to US$78 billion, citing an accelerating "arms race" in AI infrastructure. The investment bank noted that demand for AI accelerators and next--generation server CPUs is driving faster--than--expected migration to 2nm process technology and CoWoS advanced packaging. Consequently, Goldman Sachs raised its price target for TSMC’s Taiwan--listed shares to NT$3,000, maintaining a "Buy" rating based on the company's dominant position in the high--performance computing market.