Why Taiwan’s Semiconductor Manufacturing Stocks Were Rising Today

Bynewspules
Spread the love

Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM ) It was one of several artificial intelligence (AI) stocks that rallied today, largely in response to President Trump’s announcement yesterday afternoon of his new Stargate AI infrastructure project.

As of 12:27 p.m., TSMC stock was up 2.9 percent.

Image source: Getty Images

Yesterday, President Trump announced Stargate’s new AI infrastructure project OracleOpenAI and Soft BankLed by Masayoshi Son, Japan’s tech mega-investor has jointly invested at least $100 billion in new infrastructure to harness AI power. The joint venture can invest up to 500 billion dollars.

Wide range AI shares including were appearing on the news Arm Holdings, NiveaAnd BroadcomThe agreement seems set to start a windfall in the AI ​​sector.

TSMC is likely to benefit from the move as it is a global leader in third-party semiconductor manufacturing and dominates the advanced chips market.

Their top clients include major players in AI and technology such as Nvidia, Broadcom, Arm and AMDso it is understandable that Taiwan Semi is riding the rising tide.

There’s a lot of excitement around the news, and it’s not surprising to see stocks that are outright winners from the deal appear on the news.

However, there is a gap between announcing and completing a project of this size, and it could take years to invest $100 billion or more. 10 data centers built specifically by Venture are under construction in Texas.

TSMC’s success does not depend on Stargate, but it will be a good thing for the company. In any case, the AI ​​boom still has many legs, and that TSMC should be higher.

Have you ever felt like you missed the boat by buying the most successful stocks? Then you want to hear this.

Occasionally, our team of expert analysts a “Double bottom” stock Advice for companies who think they’re about to pop up. If you’re worried you’ve missed an investment opportunity, now is the time to buy before it’s too late. And the numbers speak for themselves-

  • Nivea: If you invest $1,000 when we double in 2009, You will have $365,174!*

  • Apple: If you invest $1,000 when we double in 2008, You will have $42,164!*

  • Netflix: If you invest $1,000 when we double in 2004, You will have $469,011!*