TECH - Nvidia Supplier Taiwan Semi Rides AI Wave to Record Rally Sidestepping Geopolitical Concerns | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is experiencing a stock rally propelled by the artificial intelligence (AI) boom, overshadowing previous geopolitical worries.
Foreign investment in TSMC has surged to a two-year peak, with the company holding over a 90% market share in producing advanced semiconductors crucial for AI applications.
This shift in focus comes after Warren Buffett’s withdrawal last year due to geopolitical tensions related to Taiwan, which recently intensified with the election of a U.S.-friendly president, Lai Ching-te, viewed by Beijing as a provocateur, Bloomberg reports.
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