Bloomberg News reported on Friday (16th) that TSMC's stock price on Thursday (15th) was **42 billion US dollars (NT$1.), driven by optimism about artificial intelligence31 trillion yuan), which is about to regain its position as one of the 10 most valuable companies in the world.
Thanks to AI-fueled optimism, TSMC's share price has exceeded 30% since the end of September last year, and there is potential for further. Executives at Apple and Nvidia chip makers have said they expect to return to solid growth this quarter as demand for smartphones and computing shows signs of recovery. Nvidia will report earnings on February 21 (US time), which may provide another catalyst.
TSMC's market capitalization reached US$575 billion (NT$18 trillion) yesterday, ranking 13th in the world. This puts the stock's market capitalization on par with Visa Inc, Broadcom IncThe gap with Tesla and other companies is close to 60 billion US dollars (NT$1.).88 trillion yuan), and is expected to return to the club that was among the top 10 most valuable clubs in the world in 2020.
Charles Shum, an analyst at Bloomberg Information, said that the surge in TSMC's share price reflects investors' optimism about the future growth prospects of artificial intelligence technology.
TSMC closed at 683 yuan in Taiwan today (16th), **14 yuan, and its market value fell below the 18 trillion yuan level and slipped to 1771 trillion yuan, affecting ** about 114 points.