Chipmaker TSMC returns to the list of 10 most valuable companies in the world: it has returned here
Taiwan Semiconductor Manufacturing Company (TSMC)) Has retrieved a place in the list of 10 most valuable companies in the world, which rides optimism artificial intelligence (AI) bounce Technical industry It pushed its stock at a record level.
According to a Bloomberg report, TSMC’s stock held 14% rallies last week. Chip manufacturerBefore the decline of 2% in early trade on Monday (March 11), market capitalization for a record, brought it to $ 634 billion.
However, the decline did not affect the company much because compared to this, the market is still high. BroadcomThe report states.
What do analysts say
The semiconductor veterans are expected from the analysts of Morgan Stanley and JP Morgan Chase & Company – which is Apple, Nvidia And Qualcomm To proceed between revenue and strong pricing power related to AI as your customers.
Morgan Stanley analysts, including Charlie Chan, wrote in a note last week, “Generic AI Semi is a clear growth driver for TSMC.” He said that the foreign expansion of the company also helps in reducing land political concerns.
The revenue of TSMC increased by 9.4% in the first two months of 2024, as a wave of activity in AI increased demand for high -end chips.
Nvidia gets ‘AI Boost’
This is not the first time this year that a chip company has seen its stock upwards on the spiral. This year, Nvidia was one of the companies that were promoted by a frenzy around the generative AI.
In the previous month, the price of NVIDIA stock has exceeded 20%, while in the last six months, it has exceeded 90%. In addition, in the last one year, the NVidia stock price has appreciated the $ 234.36 per share level to $ 875.28 per share mark – 275% jump.
