TSMC
The world's chip foundry — manufactures every Nvidia, AMD, Apple, and Broadcom AI chip on advanced nodes.
Previous close $430.49
52-week high
$477.57
52-week low
$141.37
YTD change
+33.40%
The 30-second take
TSMC has a near-monopoly on leading-edge (3nm, 2nm) chip manufacturing — every premium AI chip is fabricated here. The bull case is structural AI capex demand at premium pricing; the bear case is China-Taiwan geopolitical risk, which keeps the multiple compressed vs the rest of the AI stack. In interviews, anchor on: HPC (high-performance compute) revenue mix (now ~50%+), N3/N2 node ramp timing, and the Arizona/Japan diversification CapEx as the geopolitical hedge.
Historical reference points
Bankers instinctively contextualise today's level against these moments. Each row shows how far the current level is above / below that reference.
- 2022 troughOct 2022$60.00+610.58%
- 2024 all-time highJul 2024$212.00+101.11%
Compare against
Master the whole framework
The live numbers are one leg. Read the lesson for the four things to always know, plus the full interview script.
Discussing Markets — read the lesson →