$Taiwan Semiconductor Manufacturing(TSM)$ I added to my TSM position as the company’s momentum continues to outpace expectations. Bernstein SocGen reaffirmed its “Outperform” rating with a $330 target, citing 4Q25 revenue tracking ahead of guidance and consensus. November revenue rose 24.5% year-on-year, and combined October–November sales reached 71% of the quarter’s guidance mid-point—near the upper end of historical trends. These indicators suggest strong demand and solid execution, reinforcing confidence in TSM’s growth trajectory.
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