Stock market today: Dow, S&P 500, Nasdaq futures inch higher to start busy week of Big Tech-dominated earnings
Taiwan Semiconductor Manufacturing Co.’s market value has pushed over $1 trillion for the first time in the company’s history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday.
Bloomberg reports:
The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company’s market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world’s 10 biggest companies by value.
TSMC’s stock surge reflected growing investor confidence that the world’s top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity.
“We think that TSMC’s tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,” wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC’s quarterly earnings. “We expect to see a higher magnitude of price hike in 2026.”