TSMC stock price has risen to record levels, this year will be their best since the end of the last century

The artificial intelligence boom in the stock market has primarily driven Nvidia’s stock price higher as the company sells in-demand computing accelerators. At the same time, TSMC, which produces chips for these accelerators, became a beneficiary of this trend with some delay. However, TSMC is coming to the end of its best year since the end of the last century with a record high stock price.

Image Source: TSMC

On Tuesday morning, as noted by Bloomberg, TSMC shares in Taipei rose in price by 1.4% and immediately exceeded the peak value recorded on November 8 this year. The day before, American depositary receipts, which give investors in the United States access to the assets of this Taiwanese company, showed a 25% gap with quotes on the Taiwanese stock market. The enthusiasm of American investors was transferred to Taiwanese ones, as a result, TSMC shares in Taiwan reached a historical high of NT$1,100 per share.

Considering that since the beginning of this year, TSMC shares have risen in price by 84%, then for them the outgoing period has become the best since 1999. It is possible that Nvidia’s presentation of new products at the January CES 2025 exhibition will provide additional impetus for the growth of TSMC stock prices. In addition, the company’s quarterly report will be released later, which many investors are looking forward to. TSMC’s revenue in the fourth quarter of this year is expected to grow 36%, and its profit margin reached 58.3%, the highest since 2022.

admin

Share
Published by
admin

Recent Posts

Apple wants to independently defend its interests in the antitrust investigation against Google

The investigation launched by American regulators against Google Corporation, which is suspected of abusing its…

2 hours ago

Netflix sues Broadcom, claiming VMware infringes its virtualization patents

Streaming giant Netflix filed a lawsuit against Broadcom on Monday in the US District Court…

8 hours ago

Black Myth: Wukong copycat coming to Nintendo Switch, billed as “one of the most important games” for the console

Fantasy action RPG Black Myth: Wukong from Game Science studio has not been released on…

9 hours ago

In South Korea, they are thinking about creating KSMC – a competitor to TSMC with state support

Image source: Samsung The proposal was presented at a workshop organized by the National Academy…

10 hours ago

Electric humanoid robot Boston Dynamics Atlas dressed as Santa Claus performed a backflip for the first time

This spring, Boston Dynamics abandoned the use of hydraulics in the design of humanoid robots…

10 hours ago

NASA postpones the launch of an important mission to study space weather

The IMAP mission was planned to launch in the spring of 2025 to study the…

10 hours ago