Taiwan Semiconductor Joins The Trillion Dollar Club, Surpassing Tesla: Report

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On Monday, Taiwan Semiconductor, listed in Taipei and New York, briefly surpassed the $1-trillion market capitalization barrier, overtaking Tesla Inc (NASDAQ:TSLA) as the seventh-most valuable technology giant, the Taipei Times reports.

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) joined the club of the world’s most valuable companies, further demonstrating the impact of the generative artificial intelligence (AI) revolution on Wall Street.

The milestone came as Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Apple Inc (NASDAQ:AAPL), and Meta Platforms Inc (NASDAQ:META) hit all-time highs on the ...

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesTaiwan

Topics: Benzinga Media Stock Battles US5949181045 GOOGL Stories That Matter TSLA GOOG AI Generated US38259P7069 News Tech Top Stories US38259P5089 NVDA META BZ Data Project TSM US0378331005 AAPL US88160R1014 US67066G1040 MSFT US8740391003 Briefs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 15:21:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 310 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21575973

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