NEW YORK, June 1, 2026, 12:04 (EDT)
TSMC’s U.S. shares picked up on Monday, up about 5.4% to $441.09 in late-morning New York trading after Nvidia’s new AI announcement in Taipei. Investors bought into the chip manufacturer, which builds chips for outside designers, sending its American depositary receipts higher.
Nvidia rolled out its new RTX Spark chip Monday, aiming at running AI straight on laptops and desktops. The company called it an effort to “reinvent the PC” with a boost from Microsoft. Reuters said the chip was developed with Taiwan’s MediaTek and is set to hit computers from Dell, HP, Lenovo, Asus, Microsoft Surface, and MSI this fall. Counterpoint Research co-founder Neil Shah told Reuters this could shift the focus from apps to what he called an “Agentic AI personal computer”—hardware where software agents do more for the user. Reuters
TSMC isn’t worried about laptops. The focus is on demand for advanced chips and packaging tech, which connects chips to boost speed and cut power use. For the first quarter, TSMC posted $35.90 billion in revenue. Second-quarter revenue guidance is $39.0 billion to $40.2 billion. The company guided for gross margin between 65.5% and 67.5%.
TSMC CEO C.C. Wei isn’t mincing words. “Capacity is very tight,” he said in April, as TSMC increased capital expenditure to boost output for clients. On an earnings call, Wei pointed to “extremely robust” demand tied to AI. Reuters Reuters
Taipei trading was flat Monday, with TSMC holding steady at NT$2,355, according to Taiwan News. Foxconn gained, while Delta Electronics was down.
TAIEX hit a new record. Taiwan’s main index jumped 605 points, or 1.4%, ending at 45,338 and topping 45,000 for the first time. Electronics and tech-services shares drove the move. Trading Economics said TSMC makes up over 40% of the market’s value.
Nvidia is making a bigger move into the PC chip space, where Intel has been the main player. MediaTek is part of the picture on the design side. For TSMC, its appeal is in providing the manufacturing muscle behind these chip battles, handling advanced production that others in the industry need.
TSMC will hold its annual shareholders’ meeting at 9:00 a.m. on June 4 at the Sheraton Hsinchu Hotel, with Chairman C.C. Wei presiding, the agenda shows. TSMC Investors will get the next monthly sales figures when TSMC posts its May update at 1:30 p.m. Taipei time on June 10, as listed on its financial calendar.
AI PC demand is still mixed. Reuters reported HP got a lift from the segment, but Dell earlier said demand was less than expected. If AI spending cools off, or Nvidia’s PC push takes more time, or if factory costs abroad and geopolitical risk squeeze margins, TSMC shares could be vulnerable after the recent climb.
New York is trading on the supply bottleneck theme today. TSMC’s home shares were flat, but its ADRs kept moving, showing investors are still paying up for the company seen as key to the next AI hardware cycle.
