Key Nvidia, Apple Supplier TSMC-Led AI Stock Craze Boosts Taiwan's ETF Market With $50B Surge
Portfolio Pulse from Benzinga Neuro
Taiwan's ETF market has seen a significant surge, exceeding $50 billion in investments, largely driven by the AI stock craze, particularly with a 55% gain by TSMC (NYSE:TSM), a key supplier for Apple and NVIDIA. This growth has led to concerns from Taiwanese officials about potential risks and misleading marketing practices. Despite these concerns, the market's expansion reflects a global trend of increasing interest in AI technology and its potential.
April 10, 2024 | 12:19 pm
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TSMC, a major semiconductor supplier for Apple and NVIDIA, has seen a 55% gain, significantly contributing to the surge in Taiwan's ETF market.
TSMC's significant gain is a direct reflection of the growing interest in AI technology and its applications, making it a key player in the current market boom. This performance is likely to attract more investors, potentially driving up the stock price in the short term.
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