As TSMC Hits New Highs, Morgan Stanley Favors Lam Research (LRCX.US) as a Big Winner in the GAA Era

Zhito Finance App has learned that in early U.S. trading on Monday, TSMC (TSM.US) shares hit a record high, with total market capitalization approaching $2.5 trillion, as market optimism over demand for advanced process nodes and AI chips continued to heat up. However, upstream equipment leader Lam Research (LRCX.US) fell 1%. Morgan Stanley's latest research report pointed out that as TSMC accelerates the ramp-up of all-around gate (GAA) nodes such as 2nm, Lam Research will be one of the main beneficiaries, reiterating an "Overweight" rating and raising its target price from $367 to $385.