With the takeoff of agentic AI, the central processing unit market is set for faster growth and could become a new growth driver for TSMC. Bernstein analysts expect TSMC’s CPU revenue to hit the high $30 billion range in 2027, making up a mid-teen percentage of total revenue. Consequently, CPUs could be as significant as AI accelerators in terms of wafer revenue contribution. Bernstein raised TSMC’s target price to 3,300 New Taiwan dollars.

Axiata is likely shifting its asset monetization stance towards optimizing value over a longer period, which could delay the divestment of its infrastructure assets, according to Maybank IB. The company had previously targeted the sale of its edotco and Linknet in 2026. Maybank maintains a buy rating on Axiata and keeps the target price at 2.90 ringgit.

Malaysia’s semiconductor sector could witness an uneven recovery amid a cautiously optimistic outlook. Growth is expected to be led by companies exposed to AI and data-center infrastructure, while players exposed to traditional markets like computers may face challenges. TA Securities pegs Dagang Ne Xchange as its top pick due to strong silicon-photonics orders.