U.S. stocks movement: TSMC surges over 3% at the open to a new high, market capitalization reaches $2.47 trillion

Gelonghui June 22 – The world’s largest advanced AI chip manufacturer, TSMC (TSM.US), jumped more than 3% at market open, hitting a new all-time high at $476.31, with a market capitalization of $2.47 trillion. Analysts say TSMC’s surge to a new high is the result of strong fundamentals, collective optimism from Wall Street, and robust capital inflows, once again reaffirming its central role in the global AI hardware boom.