TSMC's Trading Volume Soars 129% to Rank 14th as Stock Price Surges on U.S. Expansion and Tech Reports

Generated by AI AgentAinvest Market Brief
Thursday, May 1, 2025 7:40 pm ET1min read
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On May 1, 2025, TSMC's trading volume reached 38.16 billion, marking a 129.33% increase from the previous day, placing it 14th in the day's stock market rankings. TSMC's stock price rose by 3.62%, marking the third consecutive day of gains, with a total increase of 5.70% over the past three days.

TSMC's stock price surged today, driven by strong quarterly reports from major tech companies. The company's expansion into the U.S. market with new fabrication plants in Arizona has further bolstered investor confidence. These new facilities are set to produce advanced chips, supporting AI leaders like AppleAAPL-- and NvidiaNVDA--, and are expected to be operational by the end of the decade.

TSMC's strategic move to expand its U.S. operations has been met with positive reception, particularly with the backing of the Trump administration. This support is seen as a significant advantage for TSMCTSM-- over competitors like Intel, who are also vying for dominance in the chip manufacturing sector.

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