TSM is trading higher in pre-market sessions following a significant rally in the Taiwan market driven by strong AI demand. The stock is currently at $376.01 (+1.61%) after closing at $370.04 on February 23.
- Taiwan-listed shares of TSMC surged 3.42% to NT$1,965, contributing to a broader 927.56 point gain in the Taiwan electronics sector.
- The upward momentum aligns with mild gains in U.S. futures, with the Nasdaq up 0.17% and the S&P 500 up 0.09%.
- Market sentiment remains positive due to sustained AI demand, effectively offsetting broader concerns regarding potential tariffs.