TSMC's total market capitalization reaches $1 trillion - driven by an unstoppable AI boom
Taiwan Semiconductor Manufacturing (TSMCThe total market value of) reached 1 trillion dollars at one point. Multiple financial institutions have raised the company's target stock prices, and US Morgan Stanley followed suit.
TSMC's American Depositary Receipts (ADR) temporarily rose 4.8% immediately after the start of trading in the New York Stock Exchange on the 8th, breaking through 1 trillion dollars (about 160 trillion yen). Stock prices have risen by over 80% since the beginning of the year. TSMC surpassed Berkshire Hathaway in early June in terms of market capitalization based on ADR and became the 8th most valuable enterprise in the world.
As a supplier that supplies important semiconductors to Apple and NVIDIA, TSMC is preferred by investors around the world who invest in artificial intelligence (AI).
Morgan Stanley expects to revise its annual sales forecast upward in the financial results announced by TSMC next week, and raised the company's target stock price by about 9%.
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