Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) hits a new high in the Taiwan stock market! It has risen by 84% so far this year and is expected to achieve its best annual performance in 25 years.

Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) stocks listed on the Taiwan stock market hit a historic high, with the world's largest chip foundry manufacturer poised for its best annual performance in 25 years. On Tuesday, following overnight gains in US chip stocks, including major customer NVIDIA Corporation (NVDA.US), Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR stocks rose by 1.4% on the Taiwan stock market, surpassing the peak set on November 8. Due to continued investor enthusiasm for AI trading, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR stocks have risen by 84% this year. Kevin Net, head of Asian stocks at Financiere de L Echiquier, stated, "For us, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR remains the best way to invest in the AI theme without having to pick winners or technologies at reasonable valuations." He added that the next catalyst to watch will be NVIDIA Corporation's exhibition at CES 2025 next month, as well as the upcoming earnings and guidance from Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR. In addition to NVIDIA Corporation, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR's client list includes Apple Inc. (AAPL.US) and AMD (AMD.US). The company has been a major beneficiary of the AI spending spree, with fourth-quarter sales expected to increase by 36% and gross margin to reach 58.3%, the highest level since 2022.