Taiwan Semiconductor Near 52-Week High on 9.64% GDP Forecast
TSM•Taiwan Semiconductor stands to gain from Taiwan’s revised 2026 GDP growth forecast of 9.64% and first-quarter expansion of 14.55%, its shares trading near 52-week highs after strong quarterly results. AI-driven demand underpins Taiwan’s fastest growth since 2010 and solidifies TSM’s position as contract chipmaker in the global AI supply chain.
1. Taiwan GDP Forecast Revised
Taiwan’s government raised its 2026 GDP growth forecast to 9.64% from a prior 7.71%, marking the fastest expansion since 2010. First-quarter growth was revised up to 14.55%, the highest quarterly pace in nearly 48 years, driven by robust technology exports and AI-related investment.
2. TSM Quarterly Results and Stock Performance
Taiwan Semiconductor reported a strong quarter that pushed its share price within striking distance of a 52-week high, a move echoed by Broadcom. The stock rally reflects broad-based strength in advanced node chip demand across data centers and consumer electronics segments.
3. AI Demand Underpinning Growth
Surging AI-driven demand remains central to Taiwan’s tech-led expansion and TSM’s growth narrative. As the world’s largest contract chipmaker, TSM supplies advanced wafers to AI leaders and is poised to benefit from continued investment in data centers and emerging edge devices.
