TSMC’s $59 Billion Rally May Extend on AI Demand
- Company’s shares lagging as global chip stocks regain highs
- Taiwan vote to have ‘minimal effect on TSMC,’ BI’s Shum says
This article is for subscribers only.
A rally in Taiwan Semiconductor Manufacturing Company Ltd. may get a fresh push as renewed optimism over artificial intelligence offsets concerns on China relations after Taiwan’s presidential election.
Shares of the world’s largest foundry have rallied 12% from a September low, adding $59 billion to its market value, as investors bet on a recovery in the global chip industry after more than a year of inventory correction. Daily call options volume on TSMC’s American depositary receipts has been building recently on bullish bets ahead of the company’s earnings report due Thursday.