TSMC Regains Position Among World's Top 10 Valuable Companies

Taiwan Semiconductor Manufacturing Co. has reentered the top 10 most valuable companies, surpassing Broadcom in market capitalization. The chipmaker's stock rallied to record highs, driven by increased demand for high-end chips in artificial intelligence. Despite a slight decline in early trading, the company's market capitalization remains at a record $634 billion, securing its place in the top 10 club for the first time since 2020. Some brokerages have raised TSMC's targets by about 10%, reflecting the positive outlook on its prospects.