TSMC just posted its biggest stock rally since April after Goldman Sachs bumped up their price target by 35%. The semiconductor giant's shares are riding high following the analyst upgrade, signaling fresh confidence in the chipmaker's outlook.

For those tracking the broader tech ecosystem, TSMC's momentum matters. The company's fab capacity and chip production directly influence everything from GPU availability to mining hardware supply chains. When institutional players like Goldman shift their stance this dramatically, it often reflects deeper bullish signals about demand cycles ahead.

The 35% target increase is noteworthy—it's not a minor tweak but a substantial vote of confidence. Whether this translates into sustained upside depends on execution, but the market's initial response speaks volumes about investor appetite for exposure to semiconductor plays.