Turnover on SSE and SZSE exceeded 1 trillion yuan for the 39th consecutive trading day

Turnover on SSE and SZSE exceeded 1 trillion yuan for the 39th consecutive trading day

Taiwan Semiconductor Manufacturing Company (TSM) has achieved a significant milestone in the semiconductor industry. On [insert date], TSMC's market capitalization surpassed $1 trillion for the first time, marking a nearly 50% increase from its low in April. This remarkable feat is driven by the surging demand for AI technologies and an optimistic outlook on the future of advanced process manufacturing [1].

TSMC's stock price has soared to a record high, placing the company in the same valuation range as Berkshire Hathaway. Further gains could potentially propel TSMC into the top 10 most valuable companies globally. This milestone underscores the growing investor confidence in the company's ability to capitalize on the AI boom [1].

Analysts from Goldman Sachs have highlighted TSMC's positive stance on advanced process demand, noting no signs of slowing AI customer demand. They anticipate larger price increases by 2026, suggesting that TSMC is well-positioned to benefit from the fierce competition in AI manufacturing capacity. JPMorgan analysts have also noted that strong AI-related spending by TSMC clients and rising wafer prices could offset the negative impact of a stronger Taiwanese dollar, thereby enhancing the company's profit margin resilience [1].

In related news, the turnover on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) exceeded 1 trillion yuan for the 39th consecutive trading day. This robust trading activity reflects the overall health and confidence in the Chinese stock market [2].

References:
[1] https://www.gurufocus.com/news/2989164/tsmc-tsm-market-cap-hits-1-trillion-amid-ai-demand-surge?r=4bf001661e6fdd88d0cd7a5659ff9748
[2] [Insert URL for SSE and SZSE turnover news]