1 Favorable Trend That Explains the 99% Increase in Taiwan Semiconductor's Stock Price
TSMTSMC(TSM) The Motley Fool·2024-09-20 23:08

Spending for all things AI is ramping up.Shares of Taiwan Semiconductor Manufacturing (TSM -1.13%) have soared over the last year, largely due to the soaring demand for cutting-edge chips capable of handling artificial intelligence (AI) workloads and a rebound in the broader semiconductor sector.TSMC, as the company is also known, is the world's largest contract manufacturer of semiconductors, serving companies like Apple, Nvidia, Broadcom, and AMD. It controls more than half of the third-party foundry mark ...