Last Friday, Taiwan Semiconductor Manufacturing Co. made a historic record, becoming the first Asian listed company since 2007 to have its market value surpassed one trillion US dollars. The Taiwanese chip maker saw its share price hit a record high last Friday, marking a 50% rise from its April low.
Moreover, the artificial intelligence’s high demand also drove TSMC’s full-year revenue growth forecast up by 30%. Analysts from Goldman Sachs Group Inc. stated that the tone from TSMC’s is very positive on the AI demand without slowing down. The American investment bank also expected to see a raise in product prices in 2026.
The market value of TSMC’s American depositary receipts was at around $1.2 trillion at the closing last Friday.
Meanwhile, analysts from JPMorgan Chase & Co. stated that with high AI spending and strong wafer prices, TSMC will be able to better mitigate the appreciation in Taiwanese dollar’s negative impact and increase the company’s gross margins resilience.
