BTCC
/
BTCC Square
/
Global Cryptocurrency
/
TSMC Stock Rally May Continue on AI Spending Boom, Says Top Investor
TSMC Stock Rally May Continue on AI Spending Boom, Says Top Investor
7
1
BTCCSquare news:
Taiwan Semiconductor Manufacturing Company (TSMC) has seen its shares nearly double since April, fueled by strong earnings and hyperscaler demand. Q2 revenues surged 44.4% year-over-year to $30.07 billion, with gross margins holding at 58.6%.
Geopolitical tensions between the U.S. and China caused winter volatility, but the semiconductor giant has regained momentum. 'Not too late to invest,' asserts Stefon Walters, citing artificial intelligence expenditure as the next catalyst. The AI boom's insatiable need for advanced chips positions TSMC as a primary beneficiary.
By:
