TSMC Shares Touch Record High, Eying Best Year Since 1999 on AI
- TSMC’s stock rises as much as 1.4% in Taipei on Tuesday
- The Nvidia supplier is ‘best way’ to play AI theme: LFDE’s Net
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Taiwan Semiconductor Manufacturing Co. shares touched a record high, as the world’s largest contract chipmaker is poised to cap its best annual stock performance in 25 years.
The stock climbed as much as 1.4% in Taipei on Tuesday, briefly surpassing its November 8 peak, before erasing the gain to end flat. The move came after US chip stocks including key customer Nvidia Corp. rallied overnight. TSMC shares are up 82% this year amid continued investor enthusiasm for artificial intelligence trades.