TSMC Stock Surges as AI Boom Fuels Earnings Optimism
Taiwan Semiconductor Manufacturing Co. (TSMC) commands investor attention ahead of its Q3 earnings report, with American depositary receipts soaring 56% year-to-date. The premium over Taipei-listed shares hits a two-decade high as markets bet on TSMC's dominance in AI chip production.
Capital Investment Trust forecasts upward revisions to 2025 sales guidance, citing insatiable demand for advanced 3nm and 5nm wafers powering Apple iPhones and Nvidia GPUs. JPMorgan analysts anticipate bullish commentary on supply constraints during today's earnings call.