Analysts at 24/7 Wall St. have set a price target of $492 for TSMC (TSM), representing an upside of approximately 15% from its current share price of $428, and issued a "Buy" rating. The firm noted that TSMC's August revenue increased by 53% year-over-year, with strong AI chip demand from NVIDIA and Broadcom securing its advanced process orders. Meanwhile, Intel's foundry business losses mean TSMC lacks a true competitor. However, mass production of the 2-nanometer process could compress gross margins by 3 to 4 percentage points, and geopolitical risks are still not fully priced in.