TSM Ranks 19th in Volume on 1.51% Gain AI Chip Dominance and CFRA Buy Upgrade Drive Strong Performance

On September 9, 2025, , . , . Analysts highlighted the company’s strong fundamentals and strategic positioning in the AI chip market as key drivers for its performance.

. The move follows TSM’s consistent sales and earnings growth, , , . , , . , , , .

, according to . The company’s pure-play foundry model, which focuses exclusively on manufacturing chips for third-party clients, has enabled it to outperform competitors like Samsung and Intel. This specialization, combined with aggressive investments in 3nm and 5nm chip production, reinforces its leadership in AI processor manufacturing for major tech firms.

also supported the stock’s momentum. , . The move aligns with broader demand for AI-driven semiconductors, .

To build an accurate back-test for this “top-500-by-volume” rotation strategy I need to pin down a few details that are not yet specified. Could you please confirm (or adjust) the following? 1. Trading universe • Is it all U.S. common stocks (NYSE + NASDAQ) or another universe (e.g., Russell 3000, S&P 500 constituents, etc.)? • Should ADRs, ETFs and preferred shares be excluded? 2. Re-balancing mechanics • We rank by the prior trading day’s total dollar volume (price × shares traded) at the close, correct? • Positions are opened at the next day’s open and liquidated at that day’s close (i.e., 1-day holding period). • Equal-weight each of the 500 names? 3. Transaction costs & slippage • Do you want to include any round-trip commission or spread assumption? (Typical default is $0.01/share or 2 bps for liquid names.) 4. Benchmark / comparison • Should we compare against SPY or just report absolute returns? 5. Data source preference • Is free daily OHLCV data (e.g., from Quandl or Yahoo Finance) acceptable, or do you require a premium source? Once these items are clear I can generate the data-retrieval plan, gather the necessary daily volume data, construct the daily buy/sell signals, and run the back-test for 2022-01-01 through today.