TSMC hits $2 Trillion market cap

Amid recent focus on Meta's collaboration with AMD, another tech giant, TSMC (TSM, Financial), achieved a significant market milestone. TSMC's stock surged by 4.25%, closing at $385.75 per share, elevating its market cap to $2 trillion. This milestone follows its achievement of a $1 trillion market cap in October 2024, making TSMC the seventh tech company to do so. The rapid doubling of TSMC's market value is largely driven by the persistent demand in the AI sector.

Source: https://www.gurufocus.com/news/8648914/tsmc-tsm-reaches-2-trillion-market-cap-amid-ai-demand-surge