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International Business Times
International Business Times
Business
Virginie MONTET

AI Boom Reshapes Wall Street As TSMC Joins Trillion-dollar Club

TSMC Nvidia Apple Microsoft Taiwan Alphabet Meta Tesla Inc.
TSMC, with most of its factories based in Taiwan, is well placed to also reap the rewards of the AI frenzy (Credit: AFP)

The entry of Taiwanese chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI revolution is shaking up Wall Street.

TSMC, listed in both Taiwan and New York, briefly broke the one trillion dollar market capitalization barrier on Monday, putting it ahead of Tesla as the seventh most valuable technology giant on the stock market.

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