TSMC shares rose about 5% to a fresh 52-week high after Nvidia chief Jensen Huang said the chipmaker planned to invest around $150 billion a year in Taiwan.
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- 1
TSMC (Taiwan Semiconductor Manufacturing Co.) stock traded at $438.47 and touched $443.18 intraday, with U.S.-listed shares up 4.8% at one point on Monday morning.
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Nvidia chief Jensen Huang announced last week that the chipmaker planned to invest around $150 billion a year in Taiwan, signaling TSMC's continued centrality to Nvidia's advanced AI chip plans.
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The rally was tied mainly to company-specific news and Taiwan's growing importance in the AI supply chain, with broader markets little changed during the same period.
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