TSM Stock Recent News
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Taiwan Semiconductor's sales continue to recover in 2024. Burgeoning AI demand is offsetting weakness in consumer electronics demand.
Taiwan Semiconductor's chips are the building blocks for nearly all AI products. Nvidia's GPUs are the workhorse for creating AI models.
Seriously, how much longer before Nvidia (NASDAQ: NVDA ) overtakes Microsoft (NASDAQ: MSFT ) as the most valuable company in the world? The chipmaker just surpassed Saudi Aramco to become the third-most richly valued company at $2.2 trillion.
Positive news on global semiconductor sales got drowned out in Tuesday's selling, but semi stocks are back on the rise Wednesday. Globally, semiconductor sales grew 15% in January, and double-digit rises are projected through the end of this year.
In the finance and tech space, hitting a trillion-dollar valuation is a mark of success, representing advancement, endurance and a strategic edge. Today, in the ongoing market volatility and geopolitical tensions, three stocks emerge as pre-trillion contenders.
TSMC (TSM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Nvidia is the market leader in AI chips for large language model training. But it faces a lot of competition, including from its biggest customers.
TSMC pioneered the foundry model that many semiconductor companies now use. Smartphones and high-performance computing combined for 81% of TSMC's 2023 revenue.
TSMC is in a solid position to capitalize on the boom in the semiconductor market thanks to growing adoption of AI. Super Micro Computer's outstanding growth looks here to stay due to the secular growth opportunity in the AI server market.
The latest trading day saw TSMC (TSM) settling at $128.67, representing a +1.01% change from its previous close.