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Key Nvidia Supplier Closes In On Tesla, Visa Market Caps After Adding $42B On Thursday: Can It Return To Top-10 Club?

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Benzinga

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) is on the brink of rejoining the world’s top 10 most valuable companies, with a market value of $575 billion, thanks to a $42 billion rally on Thursday, driven by optimism about artificial intelligence. What Happened: TSMC, a crucial chip supplier for AI processors, experienced an almost 8% surge in its shares on Thursday, propelling its market value to $575 billion, Bloomberg reported. This places the stock just a $60 billion market cap away from companies like Visa, Broadcom, and Tesla. Once it surpasses them, it will rejoin the top-10 clu…

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