TSMC’s Taiwan Stock Value Surpasses $1 Trillion Amid AI Frenzy

Taiwan Semiconductor Manufacturing Co.’s market value closed above $1 trillion for the first time in Taipei last week, with a raised sales forecast driven by robust artificial intelligence demand.

The main supplier of chips to Apple Inc. and Nvidia Corp. saw its Taiwanese shares climb to a record high on Friday, a near 50% rise from an April low. That has made it the first Asian stock worth more than $1 trillion, since PetroChina Co. briefly reached the milestone in 2007.

TSMC’s stock surge reflected growing investor confidence that the world’s top chipmaker will ride the AI boom ...