此前，包括主要客户英伟达公司在内的美国芯片股隔夜上涨，以科技股为主的纳斯达克综合指数上涨近1%。① The stock price of Taiwan Semiconductor reached a new high during trading on Tuesday, with a cumulative increase of over 82% this year; ② Analysis pointed out that due to the increasing global market demand for exposure to Taiwan Semiconductor, its critical role among Semiconductors and AI suppliers continues; ③ Taiwan Semiconductor expects a 36% increase in sales for the December quarter, with a gross margin of 58.3%, marking the highest quarterly level since 2022.
According to Caixin News on December 24 (Editor: Zhou Ziyi), Taiwan Semiconductor's stock price hit a historical high during trading on Tuesday (December 24), surpassing the closing record high set in November. The world's largest chip foundry is expected to achieve its best annual performance in 25 years.
On Tuesday, Taiwan Semiconductor shares rose as much as 1.4% to 1,095 New Taiwan Dollars, briefly exceeding the peak set on November 8, but by closing, some of the gains were given back, ending at the same price as the previous day.
Previously, U.S. chip stocks, including major client NVIDIA, rose overnight, with the Nasdaq Composite Index, which is primarily composed of Technology stocks, increasing by nearly 1%.
Due to investors' ongoing enthusiasm for AI Trade, Taiwan Semiconductor's stock price has cumulatively increased by over 82% this year.
Analysis indicates that this shift is due to the increasing global market demand for exposure to Taiwan Semiconductor, as this chip manufacturer continues to play a key role among Semiconductors and AI suppliers. In addition to NVIDIA, its client list also includes Apple and AMD.
Taiwan Semiconductor has been a major beneficiary of AI spending, with its advanced process technology being its greatest advantage. The company expects a 36% increase in sales for the December quarter, with a gross margin of 58.3%, the highest quarterly level since 2022.
Kevin Net, Head of Asia equities at France's Financiere de L Echiquier, stated, 'For us, Taiwan Semiconductor remains the best way to invest in the AI theme, without the need to pick winners or technologies, and with reasonable valuations.'
He added that the next catalyst worth paying attention to will be NVIDIA's presentation at CES 2025 next month, as well as Taiwan Semiconductor's upcoming performance and guidance release.
Of course, Taiwan Semiconductor's growth also depends on the market's optimistic view on the accelerated development of AI. Although some market participants currently believe that the returns from AI model training methods are diminishing, the recent release of OpenAI's o3 model is seen as evidence that "AI scaling progress has not hit a wall."
Jack Clark, co-founder of OpenAI's main competitor Anthropic, stated in a blog post on Monday (December 23) that o3 proves AI "will progress faster in 2025 than in 2024."
