TSM Stock Jumps: Why Taiwan Semiconductor Shares Rose Today as AI Demand Resets the Chip Trade
TSMC’s U.S.-listed shares closed up 4.5% at $417.72 after the company raised its 2030 global chip-market forecast to over $1.5 trillion, up from $1 trillion. The company plans five new fabs in 2026 and expects 2nm chip capacity to grow at a 70% annual rate from 2026 to 2028. April revenue rose 17.5% year-over-year to NT$410.73 billion.