AI Surge Transforms Wall Street: TSMC Hits Trillion-Dollar Mark

TSMC became the seventh most valuable tech company by passing Tesla in value and joining the club of companies worth a trillion dollars. In this case, the effect of the AI revolution on Wall Street is rising.

Taiwan Semiconductor Manufacturing Co. (TSMC), a huge chipmaker, has joined the group of the world’s most valuable companies. This is more proof that the generative AI revolution is shaking up Wall Street.

TSMC, which is traded in both Taiwan and New York, briefly broke the $1 trillion market cap mark on Monday. This made it more valuable than Tesla and made it the seventh most valuable tech company on the stock market.

On Monday, Meta, Alphabet, and Apple all reached their highest points ever. Microsoft and Apple are at the top of the list of the ten most valuable companies in the world. Nvidia, a company that makes AI chips, is close behind.

On Wall Street, their world stock market values are more than three trillion dollars. Alphabet and Amazon, which just passed the $2T mark, come in a constantly-changing third and fourth.