Taiwan's TSMC Crosses $1 Trillion Market Cap Amid AI Frenzy

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Summary:

  1. Taiwan’s TSMC hit a record high in Q2 revenue, fueled by booming AI demand, making it Asia’s most valuable company with a $1 trillion market cap.

  2. Foreign investors have poured $4.8 billion into Taiwan’s stock market, primarily benefiting TSMC, whose customers include Nvidia and Apple.

  3. TSMC shares have surged nearly 80% this year, vastly outperforming the Taiwan SE Weighted Index, which is up 35%.

Read more on Reuters

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