On June 20th, it was reported that as TSMC's market value approached the $1 trillion mark, bullish calls became increasingly louder. Several Wall Street securities firms raised TSMC's target price this week, citing a surge in demand for artificial intelligence and potential price hikes in 2025 that could boost TSMC's profits. The most optimistic is Goldman Sachs, which has raised its target price by 19% to NT $1160, as it expects the manufacturing prices of 3-nanometer and 5-nanometer chips to rise by a "low single digit percentage". JPMorgan Chase has stated that TSMC may increase its revenue outlook for 2024 and may also raise its capital expenditures to the upper end of the guidance range. The bank expects the contribution of artificial intelligence to TSMC's total sales to be 35% by 2028. Citigroup and Morgan Stanley have also raised their target prices, citing a positive profit outlook.