By Rishabh Mishra
Publication Date: 2026-02-16 12:22:00
AI Infrastructure Driving Record Growth
The company’s momentum score—a percentile-ranked metric measuring price strength and volatility—surged week-on-week from 89.27 to 92.92, placing the foundry in the top 10% of all stocks tracked by Benzinga Edge.
The momentum spike follows a historic January for the Taiwanese economy, where exports surged 70%—the fastest pace in 16 years—fueled almost entirely by AI hardware.
Analysts note that TSM’s ability to deliver complex architectural shifts on schedule has maintained its dominant 60% gross margin.
Bullish Outlook From Wall Street
Wall Street is responding to this fever-pitch demand with renewed optimism. DA Davidson recently initiated coverage on TSM with a Buy rating and a $450 price target, suggesting significant upside from current levels.
Currently trading near its 52-week high of $380, TSM continues to flash “green” across short, medium, and long-term price trends as per Benzinga’s Edge Stock Ranking.
Top-Tier Quality Amid ‘Big Tech’ Spending
Beyond momentum, TSM maintains an elite quality score of 97.04, reflecting superior operational efficiency and financial health.
Total Big Tech AI spending is projected to reach between $550 billion and $600 billion in 2026, creating a sustainable tailwind for TSM’s high-end nodes.
TSM Outperforms In 2026
Shares of TSM have risen by 14.63% year-to-date, while the Nasdaq 100 was down 1.88% in the same period.
The stock was up 51.76% over the last six months and 80.70% over the…
