TSMC shares closed up 3.94% at NT$2,505.00 on Wednesday. The company's U.S.-listed ADRs reached a new 52-week high during the rally. These gains contributed approximately 760 points to the Taiex benchmark index. The Taiex closed sharply higher as a result of the surge.
Optimism regarding the artificial intelligence sector fueled the market performance. The Philadelphia Semiconductor Index rose 3.21% overnight prior to the move. Investors are now anticipating positive guidance from TSMC’s investor conference on July 16. The buying activity reflects broad confidence in TSMC as a primary beneficiary of the AI boom.