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Morgan Stanley stated that driven by the AI wave, ASML's sales are expected to reach €46.8 billion by 2027, with earnings per share soaring 57% year-on-year to a record high. This is mainly due to strong demand from logic foundries such as Taiwan Semiconductor and the expansion of DRAM memory capacity. Morgan Stanley has significantly raised its target price to €1,400 and maintains its "preferred stock" status
Goldman Sachs believes that Taiwan Semiconductor has entered a multi-year growth cycle driven by AI and has raised its target price to NT$ 2,600. Taiwan Semiconductor has revised its compound annual growth rate for AI and overall revenue, with advanced packaging becoming the second growth engine, expected to exceed 10% by 2026. Gross margin remains stable above 60%, and capital expenditures are accelerating to $56 billion. Goldman Sachs maintains a buy rating, emphasizing that supply and demand tightness will continue until 2027
According to reports, Ford is in deep discussions to procure batteries from BYD for some of its hybrid models. The proposals being explored by both parties include shipping the batteries to Ford's factories outside the United States, but the deal has not yet been finalized. As Ford reduces its pure electric vehicle business and increases its investment in hybrid models, the company urgently needs high-quality battery suppliers, and BYD has mature manufacturing capabilities in this field
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The US and Taiwan are close to reaching a trade agreement, which will reduce tariffs on Taiwanese goods to 15%, expected to be announced this month. Taiwan Semiconductor will increase its investment in the United States, committing to build at least five semiconductor factories in Arizona. The agreement aligns with the US tariff policies towards Japan and South Korea, and Taiwan Semiconductor's stock price rose 2.5% to $331.77 on Monday
