TSMC Stock Hits Record High Amid AI Enthusiasm

Dec 24, 2024

TSMC's stock price recently reached a record high, marking its best annual performance in 25 years. The stock rose by 1.4% in Taipei, surpassing its previous peak on November 8, following a surge in U.S. chip stocks like NVIDIA. TSMC's shares have gained over 80% this year, driven by investor enthusiasm for artificial intelligence (AI) opportunities.

According to Kevin Net from Financiere de L Echiquier, TSMC remains a top choice for investors seeking reasonable valuations in the AI sector without needing to pick specific winners or technologies. Upcoming events to watch include NVIDIA's presentation at CES 2025 and TSMC's forthcoming earnings report and guidance.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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