TSMC stock price today opened at $166.35, showing mild bullish sentiment amid broader semiconductor sector gains. Analysts note the upward momentum follows increased demand projections for AI chips in Q3 2024, supporting EPS growth estimates. Almost needless to say, without TSMC, the world's microchip landscape would look considerably different. ASML (NASDAQ: ASML) will also release its third-quarter results soon, on Oct. 15. The semiconductor equipment giant has rallied an impressive 42% in the past six months. What's worth noting is that ASML has a similar catalyst to that of TSMC -- the fast-growing demand for AI chips. At the current $167.20 level, TSMC stock price today benefits from capital inflows into semiconductor equities, propelled by strong PC and smartphone unit recovery projections.
