Nvidia Chooses Taiwan Semiconductor's CoWoS-L For Blackwell In Major Capacity Boost: Analyst
Portfolio Pulse from Anusuya Lahiri
Nvidia has chosen Taiwan Semiconductor's CoWoS-L for its Blackwell project, leading to a significant capacity boost for TSMC. Analyst Charles Shi from Needham reiterated a Buy rating for TSMC with a $168 price target, noting substantial capacity growth in TSMC's N3 and CoWoS technologies. TSMC's shares traded higher by 1.64% premarket.
May 22, 2024 | 4:35 pm
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POSITIVE IMPACT
Nvidia's choice of TSMC's CoWoS-L for its Blackwell project indicates a strong partnership and technological advancement. This could positively impact Nvidia's stock as it leverages TSMC's advanced packaging technology.
Nvidia's selection of TSMC's advanced packaging technology for its Blackwell project suggests a strong partnership and technological edge, which is likely to positively impact Nvidia's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Needham analyst Charles Shi reiterated a Buy rating for TSMC with a $168 price target, highlighting significant capacity growth in TSMC's N3 and CoWoS technologies. TSMC's shares traded higher by 1.64% premarket.
The analyst's reiteration of a Buy rating and a high price target, combined with significant capacity growth in key technologies, is likely to positively impact TSMC's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100