87% Surge: This Chipmaker Just Ignited Another Tech Meltup

Well as if the trillion dollar club couldn’t get any bigger, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) has not only crashed the party with it’s fashionably late entrance, but they’ve also brought a strong party gift that’s set to put a little bit of hair on the chip industries chest: The 2nm chip.  

(Source: Giphy) 

So for all you out in the crowd thinking the tech bubble has been inflating faster than ever… well sorry boutcha, this tech meltup just keeps going and going people. 

(Source: Yarn) 

Here’s the lowdown: The Taiwanese chip juggernaut, officially muscled its way into the elite trillion-dollar market cap club on the same day that Google, Apple, and Meta were also popping champagne with record-high stock prices. 

(Source: Economic Times) 

Obviously, this isn’t much of a surprise considering the semiconductor industry, is on fire, leading the S&P 500 with TSMC right at the heart of it. Why? 

Because as CFRA analyst Angelo Zino pointed out, this shift in the market is a clear sign of how much the world has changed, especially with the surge in demand for chips driven by generative AI. 

(Source: Trend Force) 

And boy is the demand higher than a friggin kite. You see, thanks to the rise of computing-intensive AI technologies the semiconductor industry is expected to hit $611.2 billion in sales by the end of 2024. 

(Source: Giphy) 

Meaning, right now, chips are gold, and our homeboy TSMC is sitting on one massive gold mine as they lead the charge with its upcoming 2nm chip. 

(Source: GizmoChina) 

And luckily for us the trial production of these small but powerful beasts is coming much sooner than expected. Talk about taking “made by kids in Asia” to a whole new level. 

The trial production, set to begin next week at TSMC’s Baoshan plant, is a crucial step in testing the planned production processes before mass production kicks off. This accelerated timeline is not just about beating the clock; it’s about securing a stable yield and ensuring that when the chips hit the market, they’re top-notch.

(Source: TSMC) 

And who’s first in line to get their hands on these shiny new chips? Apple, of course. 

The iPhone 17 series and other Apple devices are set to be the first beneficiaries of the 2nm technology. So this isn’t just a win for TSMC; it’s a win for Apple diehards that need another reason to party after hitting the $3.5 trillion market cap milestone. 

Live look at Apple investors right now… 

(Source: Giphy

But what does this actually mean for the tech industry and TSMC’s stock price? In short, it's huge. 

This isn’t just about making chips faster; it’s about making them smarter and more efficient. In short, the introduction of the 2nm chip is poised to disrupt the industry in a big way - revolutionizing everything from smartphones to supercomputers. 

(Source: Economic Times) 

And with the momentum of joining the trillion dollar club, TSMC is pulling out all the stops to ensure they’re ahead of the game.

For investors, this is the kind of news that makes you sit up, take notice, and get excited. 

(Source: Giphy) 

TSMC’s stock price is already on a tear, (up 87.16% YTD) and with the early production of the 2nm chip, it's likely the bulls will continue pushing the price even higher. And in a market where the tech sector is already leading the charge, TSMC is positioning itself as a key player that can’t be ignored.

Rising tides lift all boats baby… 

(Source: Giphy) 

So with that said, while the 2nm chip is the current focus, TSMC is already looking to put a stable in its future of tech dominance. For instance, the company is investing in research and development for even more advanced technologies, including 1nm and beyond. 

(Source: EDN) 

Meaning, these future advancements could further cement TSMC's position as a leader in the semiconductor industry.

So in conclusion, in the midst of the ever-evolving tech landscape, TSMC’s entry into the trillion-dollar club and their early 2nm chip production mark a significant milestone. The tech bubble is growing faster than ever, and TSMC has clearly positioned itself right at the forefront of setting new standards in the space.

So, what’s the takeaway friends? Simply put, keep an eye on TSMC… duh! 

(Source: Giphy) 

They’ve just proven that they’re not just crashing the party—they’re giving the tech industry a little more of that juice my workout friend keeps telling me about. And for the tech industry and investors alike, that’s something worth getting excited about.

Stocks.News holds positions in Google, Apple, and Meta as mentioned in the article.