TSMC’s (TSM) market value hit $1T for the first time in Taipei last week, driven by robust AI demand, Bloomberg’s Jeanny Yu reports. TSMC is the first Asian stock worth more than $1T since PetroChina (PTR) briefly reached the milestone in 2007.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSM:
- Nvidia’s (NVDA) China Comeback Hits Supply and Political Snags
- Intel initiated with a Hold at Loop Capital
- TSMC’s Strong Performance and Strategic Positioning Drive Buy Rating
- ‘Not So Far!’ Warns Analyst Following TSMC’s Q2 Stock Surge
- BKNG, TSMC, and CAT: The 3 Stocks Immune to This Year’s Market Volatility
