TSM is trading 3.3% up at $425.73 after Nvidia detailed plans to boost annual investment in Taiwan to $150 billion, reinforcing the nation's status as the epicenter of the AI revolution.
- The move bolsters demand expectations for Taiwan Semiconductor’s advanced manufacturing nodes and AI-specific production capacity.
- Shares are also riding a wave of positive sentiment across the semiconductor sector following recent rallies in Nvidia and Micron, with index futures pointing to a firmer open for tech.