Taiwan Semiconductor Manufacturing Co. (TSMC) becomes one of the world's 10 most valuable companies with a 14% stock rally.
Taiwan Semiconductor Manufacturing Co. (TSMC) has reclaimed a place among the world's 10 most valuable companies, as a 14% stock rally drove it to record levels. The company's market capitalization rose before a 2% dip, still remaining higher than Broadcom Inc.'s. Analysts from Morgan Stanley and JPMorgan Chase & Co. expect TSMC to continue advancing due to surging AI-related revenue and strong pricing power, as the generative AI frenzy boosts the global chip industry.
March 11, 2024
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