Posted 3/11/2024, 1:18:00 AM
TSMC Reclaims Top 10 Status as AI Chip Demand Powers Record Rally
- TSMC reclaims spot among world's 10 most valuable companies as stock rallies to record
- Continued optimism around AI driving stock to new highs, market cap over $634B
- Analysts see further growth potential amid surging AI revenue and pricing power
- Generative AI hype boosting global chip stocks, though profit-taking caused Nvidia decline
- Revenue up 9.4% in Jan-Feb with high-end chips offsetting iPhone sales impact
