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TSMC’s Taiwan Stock Value Surpasses $1 Trillion Amid AI Frenzy
Taiwan Semiconductor Manufacturing Co.’s market value hit $1 trillion for the first time last week, driven by a raised outlook and optimism over robust artificial intelligence demand.
The main supplier of chips to Apple Inc. and Nvidia Corp. saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company’s market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world’s 10 biggest companies by value.
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