Reported 8 months ago
On June 19, 2024, TSMC, the king of AI arms, surged to a new high of 984 yuan, inching closer to the thousand yuan mark, propelling the Taiwan Stock Exchange above 23,000 points with a potential challenge to 25,000 points. Analysts noted that as long as TSMC's ADR does not decline, there is no reason to be pessimistic. The biggest competitor for TSMC now is itself. Other Taiwan stock giants like Foxconn, MediaTek, and Quanta contribute to 41.5% of the Taiwan stock market's weight, initiating a bullish trend. Market watchers are optimistic about the third quarter and foresee a stronger fourth quarter. With TSMC being the king of AI arms, the focus is on how high its stock price can rise, with comparisons to its competitors in terms of P/E ratio and market value. The situation indicates that TSMC's biggest threat is internal challenges including production capacity constraints amid growing demand.
Source: YAHOO