Taiwan Semiconductor Manufacturing Company (TSMC) is experiencing a boost in its stock price today, driven by optimistic growth projections and its strategic positioning in the semiconductor industry. The company is expected to see a 20% compound annual growth rate (CAGR) in revenue over the next five years, largely fueled by the increasing demand for AI-related chips. This segment alone is projected to grow at a 45% CAGR, significantly contributing to TSMC's overall growth. The company's partnerships with tech giants like Nvidia, AMD, and Apple further solidify its market position, making it a key player in the technology sector.
TSMC's stock is currently trading at $211.12, reflecting a 1.43% increase from its previous close of $208.15.