Citigroup's significant increase in TSMC's target price to NT $950, driven by strong AI demand, is expected to boost performance. Citigroup stated in a report that driven by strong AI demand, it is expected that TSMC's revenue in the second quarter will increase by 4% quarter on quarter, and gross profit margin may slightly decline due to the impact of the earthquake. The target price will be raised by 28% to NT $950.