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This AI Giant Just Broke Through the $1 Trillion Market Cap Barrier: Here's What Comes Next
TSMTSMC(TSM) The Motley Fool·2024-10-23 22:15

The dominant manufacturer is extending its lead over rivals.Taiwan Semiconductor Manufacturing (TSM 1.20%) just reached rarified air. The semiconductor giant -- known as TSMC -- just surpassed a market cap of 1trillionafterreportingphenomenalgrowthforthethirdquarter.Excludingstate−ownedenterprises,thisistheninthcompanyintheworldtoreachamarketvalueabove1 trillion after reporting phenomenal growth for the third quarter. Excluding state-owned enterprises, this is the ninth company in the world to reach a market value above 1 trillion. Benefitting directly from growing spending on artificial intelligence (AI) computer chips, TSMC is dominating the sem ...