StocksMedium•2 October 2026•
1 min read
TSM Shares Rise as Broadcom Unveils $60 Billion AI Chip Financing Plan
Key Facts
1Taiwan Semiconductor Manufacturing shares traded higher alongside the broader chip sector.
2The rally is driven by Broadcom's plans to increase AI chip customer financing to $60 billion.
Taiwan Semiconductor Manufacturing (TSM) shares traded higher alongside the broader semiconductor sector. Benzinga reported that the rally is driven by Broadcom's plans to increase AI chip customer financing to $60 billion, a move signaling sustained demand for AI-related hardware.
TSM was trading at $472.45 on October 2, 2026, reaching a session high of $474.1999. During the same session, AVGO was trading at $353.81 on October 2, 2026, as the market reacted to the financing initiative aimed at supporting high-end AI chip customers.