TSMC Reclaims $2 Trillion Market Cap

Taiwan Semiconductor Manufacturing, the world's largest contract chipmaker, has climbed back above a $2 trillion market capitalization, fueled largely by surging demand for AI processors and accelerators from major tech firms. The company remains a critical supplier to Nvidia, Apple and other giants, making it a bellwether for the broader semiconductor industry. Despite the higher valuation, analysts note the stock trades at roughly 20 times forward earnings, a relatively modest multiple compared to other AI-sector players. This suggests the market isn't pricing in excessive optimism yet, potentially leaving room for further gains if current demand trends persist.