According to IT Home, TSMC, the world’s largest chip foundry manufacturer, has reached an all-time high in stock price and is expected to achieve the best annual stock performance in 25 years. On Tuesday, TSMC’s stock price rose by 1.4% in the Taipei stock market, briefly surpassing the high point on November 8th (1095 Taiwan dollars). Previously, US chip stocks, including its major customer NVIDIA, rose overnight, driving up TSMC’s stock price.
IT Home noted that, driven by investors’ sustained enthusiasm for artificial intelligence transactions, TSMC’s stock price has accumulated an increase of 84% this year. With clients including Apple and AMD, TSMC has been a major beneficiary of the artificial intelligence spending boom. The company is expected to achieve a 36% increase in sales in the fourth quarter, with a gross margin reaching 58. 3%, the highest level since 2022.
