TSMC Shares Surge to Record Highs Amid AI Chip Demand

The semiconductor giant's stock soars following Morgan Stanley's optimistic outlook on Nvidia, signaling strong AI market growth.

TSMC's shares reached an all-time high after Morgan Stanley raised Nvidia's price target due to surging demand for AI chips.
The company, a key player in advanced processor manufacturing, benefits from the AI boom initiated by generative AI technologies like ChatGPT.
Nvidia's B100 GPU, manufactured by TSMC, is anticipated to be a significant AI game changer, outperforming the H100 AI processor.
TSMC's leading-edge foundry business is set to benefit from the shift to larger ChatGPT-like models, requiring more advanced chips.
The company plans to start mass production of 2-nanometer chips in 2025, further solidifying its position in the semiconductor industry.