Major Apple supplier TSMC shares hit record high

Taiwan Semiconductor Manufacturing Co. (TSMC) shares reached a record high on Tuesday, putting the world’s largest contract chipmaker on track for its best annual stock performance in 25 years. The stock rose as much as 1.4% in Taipei, briefly exceeding its November 8 peak, following overnight gains in U.S. chip stocks, including key customers Apple and Nvidia. Driven by ongoing investor interest in artificial intelligence, TSMC shares are now up 84% this year.
Charlotte Yang for Bloomber