TSMC's stock recently peaked at $248.28, rising 9.8% in one month due to robust demand for AI. The company is diversifying globally but declined to establish a plant in India. It is focusing on increasing chip production in the U.S. with new facilities in Arizona and is considering expansion in the UAE. The share price has surged 47.2% in the last 90 days and 51.1% year over year, surpassing the S&P 500, with Wall Street projecting a potential 65% stock gain by decade's end.
TSMC has experienced a significant stock increase of 9.8% in the last month, reaching an all-time high of $248.28, driven mainly by heightened demand for artificial intelligence.
The company continues to expand its global footprint, recently commencing its third fabrication plant in Arizona and exploring possibilities for a new plant in the UAE.
Commanding over 60% of global spending at chip foundries, TSMC remains integral to the semiconductor supply chain, providing essential manufacturing capabilities for AI and advanced technologies.
Despite concerns regarding geopolitical factors, Wall Street forecasts a 65% increase in TSMC's stock by the end of the decade, indicating strong long-term confidence.
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