Mar 6, 2024
Hot Stocks 🔥

Taiwan Semiconductor Manufacturing Co Price Increased By 3.72% In One Day 

Name of opportunity: 👀

Taiwan Semiconductor Manufacturing Co

Going to the top?: 🏔️

TSM’s price jumped 3.72% yesterday, which could be because people are feeling so confident about the company’s position in the AI semiconductor market. Taiwan as a country is one of the biggest producers of semiconductors - and since 2020, the world has been experiencing a global chip shortage. This has affected many different markets, from the car industry to home computing. Analysts think Taiwan Semiconductor Manufacturing Co may be building a reputation as one of the key companies who can solve that problem. 

How hot is this investment opportunity? 🔥🔥🔥

The price of TSM is up 44.23% in the last 6 months. 

Some analysts think this stock could have real longevity, as the semiconductor market will only grow. LLMs (large language models, the software that trains and powers AI technology) need to use highly powered computers that use this special type of chip. Apple, Nvidia and Tesla all buy their chips from Taiwan Semiconductor Manufacturing Co, which shows that it is a leading player. 

Used in so many products: ⚙️

Semiconductors are used in many different industries, playing a vital role in home electronics, smart phones and car production. Taiwan Semiconductor Manufacturing Co is the second most valuable semiconductor company in the world, as well as the biggest company in its home country. In 2023, the company was ranked 44th in the Forbes Global 2000. TSMC has been planning to expand into other countries since the beginning of the 2020s, with foundries planned in Arizona and Japan, as well as a joint venture with Germany to open a factory as the European Semiconductor Manufacturing Company. 

Which neme?: 🔍

‘What Analysts Say’ and ‘Microchips’

Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.