Reported 8 months ago
On June 21, 2024, Vice President Zeng Yanyu of Yuanta Securities Research Department analyzed the market at 4:10 pm: NVIDIA's Huang Renxun's comment before leaving Taiwan, stating that TSMC's value in the semiconductor industry is undervalued, sparked foreign interest in TSMC. With ambitious new chairmanship at TSMC's shareholders' meeting, TSMC's stock price soared in just one week, pushing the Taiwan Stock Index past 23,000 points, exceeding all expectations. The rise of NVIDIA indicates TSMC's continued undervaluation and the beginning of AI growth. The article also discusses implications for other major tech companies like Microsoft and Apple, and the importance of the semiconductor industry and AI in the global market.
Source: YAHOO