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Amid the intensifying race for AI chip dominance, analysts believe TSMC remains an indispensable investment despite the ambitious US plan to support rival Intel. According to a Benzinga analysis, the Taiwanese chipmaker retains its edge as the preferred bet, even as the Trump administration announced a $43 billion plan to boost Intel's domestic production.
TSMC shares closed at $440.83 on June 24, trading in a range of $432.58 to $443.85 during the session. While Intel pushes to regain manufacturing ground with government backing, TSMC stays the primary AI chip supplier to key clients like NVIDIA and AMD, reinforcing its global competitive position.
Investors await TSMC's second-quarter results due in July, with expectations of sustained strong demand for AI chips. Any further developments in US industrial policy could also sway the stock, while the $440 level serves as a pivot for the current price.
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