Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Pentagon and Anthropic Clash Over AI Safeguards in National Security Use 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
Toyota Retains Global Auto Sales Crown in 2025 With Record 11.3 Million Vehicles Sold 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say 
Meta Stock Surges After Q4 2025 Earnings Beat and Strong Q1 2026 Revenue Outlook Despite Higher Capex 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
Saks Global to End Saks on Amazon Partnership Amid Bankruptcy Restructuring 
Taiwan's TSMC has reached a record high, becoming Asia's most valuable company with a market value exceeding $1 trillion. This milestone follows strong second-quarter revenue and surging demand for AI-capable processors, positioning TSMC at the forefront of the AI-driven market rally.
TSMC Thrives as AI Demand Spurs Global Chipmaker Rally, Drawing $4.8 Billion in Foreign Investment
The AI frenzy has initiated a global rally in chipmaker equities. Nvidia, the AI poster child, is among the customers of Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker. TSMC has particularly benefited from the increasing demand for AI-capable processors, according to Reuters.
Taiwan's stock market, which TSMC dominates, has received $4.8 billion in foreign investment thus far this year. Nevertheless, HSBC indicates that Asian funds are still underweight in Taiwan, which implies that there may be additional space for inflow.
TSMC Shares Soar 80%, Becomes Asia's Most Valuable Firm with Market Value Exceeding $861 Billion
TSMC's shares have increased by nearly 80% this year, surpassing the benchmark Taiwan SE Weighted Index, which has increased by 35%. Apple is among TSMC's customers.
TSMC's Taipei-listed shares increased by over 2% to a record T$1,080 on July 11, elevating its market value to T$28 trillion ($861 billion) and establishing it as Asia's most valuable publicly traded company.
According to Dunya News, on July 8, the market value of TSMC's ADRs, initially listed on the NYSE in 1997, briefly increased to $1 trillion, a 4.8% increase from a record $192.79. The ADRs closed at $191.05 on July 10. TSMC's complete second-quarter earnings are scheduled to be reported on July 18.
AI Boom Boosts Chipmakers' Market Caps, TSMC and Nvidia Lead Global Equity Surge
AI-focused companies, primarily chipmakers, have experienced significant market capitalization increases this year, particularly in June.
Last month, Nvidia briefly surpassed Microsoft to become the most valuable company globally. Microsoft, Apple, and Nvidia all have market values exceeding $3 trillion.
TSMC's robust results bolstered global chip equities, resulting in a 2.4% increase in the Philadelphia semiconductor index to a record high on July 10.
"Optimism continues to grow around AI-related demand and potential pricing powers, as TSMC's position as leading foundry supplier should elevate earnings in 2025," said Daniel Tan, portfolio manager at Singapore-based Grasshopper Asset Management.
"In an industry facing increasing tight supply, TSMC's value has to appreciate further in 2025 as customers bid to get sufficient capacity allocation."
