TSMC is driving excessive. The Taiwanese chipmaker—sole provider of artificial-intelligence (AI) chips to Nvidia, the world’s most beneficial chip designer—has seen gross sales greater than double for the reason that begin of 2020. Whereas different semiconductor companies fret about cooling demand for devices and vehicles, TSMC believes demand for AI is simply gearing up. Traders agree, propelling its market capitalisation in the direction of $1trn and into the world’s ten most beneficial companies.
