European Investor
06 Jul 2026, 09:41
### TSMC (TSM) Rebounds in Premarket After Citigroup Reiterates Buy Rating
Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) rebounded in premarket trading on Monday after Citigroup reiterated its Buy rating on the chipmaker, helping restore investor confidence following Thursday's selloff.
TSMC shares fell 2.3% during Thursday's regular session but gained 2.4% in premarket trading after Citigroup reaffirmed its bullish stance on the stock.
The reiterated Buy rating reflects continued confidence in TSMC's long-term growth prospects as the world's leading contract semiconductor manufacturer. The reaffirmation comes as demand for advanced AI chips and high-performance computing remains a key driver for the company.
TSMC continues to benefit from strong capital spending by leading technology companies developing artificial intelligence infrastructure, with its cutting-edge manufacturing processes positioning the company at the center of the AI semiconductor supply chain.
The premarket rebound suggests investors looked past Thursday's weakness, with Citigroup's positive rating reinforcing expectations that TSMC remains well positioned to capitalize on long-term growth in AI, cloud computing, and advanced semiconductor demand.
Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) rebounded in premarket trading on Monday after Citigroup reiterated its Buy rating on the chipmaker, helping restore investor confidence following Thursday's selloff.
TSMC shares fell 2.3% during Thursday's regular session but gained 2.4% in premarket trading after Citigroup reaffirmed its bullish stance on the stock.
The reiterated Buy rating reflects continued confidence in TSMC's long-term growth prospects as the world's leading contract semiconductor manufacturer. The reaffirmation comes as demand for advanced AI chips and high-performance computing remains a key driver for the company.
TSMC continues to benefit from strong capital spending by leading technology companies developing artificial intelligence infrastructure, with its cutting-edge manufacturing processes positioning the company at the center of the AI semiconductor supply chain.
The premarket rebound suggests investors looked past Thursday's weakness, with Citigroup's positive rating reinforcing expectations that TSMC remains well positioned to capitalize on long-term growth in AI, cloud computing, and advanced semiconductor demand.