TSMC's market value recently broke through the $1 trillion mark for the first time on the Taiwan stock exchange. This milestone was mainly driven by optimistic expectations for strong future artificial intelligence (AI) demand and an upward revision of the company's performance outlook. As the world's leading semiconductor manufacturer, TSMC produces chips for well-known companies such as Apple and NVIDIA. Its stock price reached a new all-time high last Friday, rising nearly 50% from its April low.
TSMC's market value is now comparable to that of the renowned investment company Berkshire Hathaway. If this upward trend continues, TSMC could potentially enter the top ten most valuable companies in the world. This not only reflects investors' confidence in the company's future development but also indicates the market's extensive attention to AI-related technologies.
In its just-released quarterly financial report, TSMC raised its full-year revenue growth forecast for 2023 to about 30%. This shows that in the current intense competition for AI manufacturing capacity, TSMC will gain more market share. Bruce Lu, an analyst at Goldman Sachs, pointed out that TSMC has a more positive attitude towards the demand for advanced process technology, and the demand from AI customers remains strong without any signs of slowing down. Additionally, Gokul Hariharan, an analyst at JPMorgan, stated that the sharp increase in spending by TSMC's customers in the AI field, along with rising wafer prices, is expected to effectively offset the adverse impact of the appreciation of the Taiwanese dollar and enhance the company's gross margin.
With the continuous development of AI technology, TSMC, as a core chip manufacturer, is in a rapidly expanding market environment. The company's future growth potential combined with the rising market demand has brought unprecedented confidence to investors. TSMC's success is not only the result of its own strategy but also a direct reflection of global technological advancement and changes in market demand.
Key Points:
🔍 TSMC's market value has exceeded $1 trillion for the first time, mainly driven by optimistic expectations for AI demand.
📈 The company has raised its revenue growth forecast for 2023, expecting a growth of about 30%.
💡 Investor confidence in TSMC has increased, and it has the potential to enter the top ten most valuable companies in the world.
