Artificial intelligence continues, TSMC market value exceeds 1 trillion dollars

On July 8, the market value of Taiwan Semiconductor Manufacturing Co (TSM. N) briefly exceeded 1 trillion US dollars, after brokerages such as Morgan Stanley raised their target share price before the company announced its results. Shares of TSMC American depositary receipts rose as much as 4.8% after the opening of the New York stock market on Monday, hitting the trillion-dollar milestone, and the stock price has risen more than 80% this year. In early June, TSMC surpassed Berkshire Hathaway to become the eighth most valuable company in the world. According to its American depositary receipts, its trading price is a considerable premium to its Taipei-listed shares. As the sole supplier of the most important chips to Apple and Nvidia, TSMC is the most favored target of artificial intelligence investors around the world. Many Wall Street brokerages have raised their target share price for TSMC, citing a surge in artificial intelligence-related demand and a likely price increase in 2025 to boost earnings.