Reported about 1 year ago
The stock of Taiwan Semiconductor Manufacturing Co (TSMC) reached a record high on the Taiwan Stock Exchange, boosting its market capitalization to over $946 billion in the U.S. market. Investors are optimistic about TSMC's future due to strong demand for AI and HPC chips. Analysts predict positive earnings, with expected guidance of over 10% quarterly revenue growth. UBS raises its yearly expenditure estimates, foreseeing demand for 2nm and 3nm technologies, and Goldman Sachs anticipates price increases for chip manufacturing. TSMC's stock has risen 69.48% this year and 81% over the past 12 months. Investors looking to access the semiconductor sector can consider ETFs like VanEck Semiconductor ETF and iShares Semiconductor ETF.
Source: YAHOO