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.
12 months ago
10 Articles
Articles
Further Reading
You have 12 free stories remaining this month. Subscribe anytime for unlimited access.