.August 14, 2024 03:34:44 AM

Taiwan Semiconductor (NYSE: TSM) has experienced a remarkable 64% stock price increase year-to-date, showcasing its importance in meeting the global chip demand. The company reported a 45% revenue increase in July, with analysts now forecasting a 37% growth rate driven by AI technology demand. Despite a modest 1.5% stock rise in July, anticipation for the fiscal Q3 report suggests potential for further positive market adjustments. Taiwan Semiconductor’s role in supplying components for AI technology development positions it as a key player in the semiconductor sector, attracting investor interest in the growing tech industry.