As the largest contract chipmaker in the world continues to ride a wave of confidence over artificial intelligence demand into the new year, Taiwan Semiconductor Manufacturing Co.’s shares rose by the most since April.In Taipei, shares of the major supplier to Apple Inc. and Nvidia Corp. surged as much as 6.9%, setting a new record. This followed Goldman Sachs Group Inc.’s 35% increase in its TSMC price estimate to NT$2,330, which was justified by the company’s anticipation of another year of strong growth.
Despite worries about overheating, investors are pouring more money into the AI theme, and TSMC helped spearhead a broad surge in Asian tech equities on Monday.
Read Also: Ujjivan Small Finance Bank shares rise over 5% after Q3 loan book, deposits grow over 20%As worries about short-term volatility in the wake of US strikes against Venezuela gave way to anxiety of missing out on additional gains, the sector once again saw the largest boost to regional shares.
Despite worries about overheating, investors are pouring more money into the AI theme, and TSMC helped spearhead a broad surge in Asian tech equities on Monday.
Read Also: Ujjivan Small Finance Bank shares rise over 5% after Q3 loan book, deposits grow over 20%As worries about short-term volatility in the wake of US strikes against Venezuela gave way to anxiety of missing out on additional gains, the sector once again saw the largest boost to regional shares.
Samsung Electronics Co. of South Korea, among other semiconductor stocks, continued to rise for a fifth session in a row. Later this week, the memory manufacturer is anticipated to release preliminary results that will offer more insight into whether earnings support the sector’s significant advances.
In 2025, TSMC’s market valuation surpassed $1 trillion for the first time thanks to a 44% increase in shares. Given that many of the world’s chip businesses depend on its foundry services, this indicates growing investor confidence in its pivotal role during the AI boom.
(Edited by : Juviraj Anchil)
