By Jennifer Saibil
Publication Date: 2026-04-22 20:06:00
Despite the market’s broad worries about the possibility that artificial intelligence (AI) companies have been overspending on infrastructure, AI companies have been delivering solid results.
One of the best indications of how it’s going in that market is Taiwan Semiconductor‘s (TSM +5.33%) performance. The company fabricates the AI chips that its clients design and that drive AI development, and its growth portends how AI is developing and what to expect from its many hyperscaler clients.
In the wake of its phenomenal first-quarter report last week, the company’s market cap rose past Meta Platforms and (briefly) past Broadcom, which hit its own new highs last week. As of this writing, Taiwan Semi is the seventh most-valuable company in the world, and it still has massive long-term opportunities. Here’s why TSMC is still an outstanding buy.
Image source: Taiwan Semiconductor.
“Insatiable demand”
By all accounts, Taiwan Semi had an excellent Q1. These were some of the…
