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TSMC hits record high on AI growth, strong sales
Shares of Taiwan Semiconductor Manufacturing Company (TSMC) reached a record high in Taipei on Tuesday, rising by 1.4%.
This marks a significant peak for the world’s largest contract chipmaker, driven by growing investor interest in AI-related trades.
So far this year, TSMC’s stock has increased by 84%, positioning it for its best annual performance since 1999.
TSMC is projected to report a 36% sales growth for the December quarter, along with a gross profit margin of 58.3%, the highest since 2022.
Recent TSMC developments
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23-Dec-2024 📊 TSMC US shares hit 25% premium, highest in two months
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17-Dec-2024 🤖 TSMC explores AI-powered robots, drones for growth
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16-Dec-2024 📈 TSMC to boost AI-driven foundry market share to 66% by 2025
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10-Dec-2024 📈 TSMC’s November sales up 34% due to strong AI demand
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09-Dec-2024 📊 TSMC’s market share hits nearly 65%: report
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