TSMC shares rose 3.94% in Taiwan trading on Wednesday. The stock closed at a session high of NT$2,505.00. This surge lifted the benchmark Taiex index by 1.94%.
TSMC’s performance drove a substantial portion of the market's overall rise. The rally followed a 4.94% overnight gain in the company’s American Depositary Receipts.
Global optimism for the artificial intelligence sector and strong U.S. chip stocks fueled the momentum. Investors now anticipate positive guidance at the company's upcoming investor conference on July 16.