Taiwan Semiconductor Manufacturing (NYSE:TSM | TSM Price Prediction) just put the rest of the chip sector on notice. Monthly revenue for May 2026 hit NT$416.98 billion, up 30.1% year over year, and CEO C.C. Wei is telling investors the company will “grow by above 30% in U.S. dollar terms” for full-year 2026.

Shares are already up 44.32% year to date, closing at $436.39 after a 6.69% single-day pullback. Can TSM print $500 before 2026 is over?

What’s Holding TSMC Back Right Now

TSM is up 109.73% over the past year and trades just 1% from its 52-week high of $476.31. The 8.12% one-month gain ran headfirst into valuation fatigue, and the most recent session lopped off 6.69% in a single…