US Stocks Movement | TSMC continues to rise 1% in pre-market trading, set to open at a record high

Gelonghui, February 25th | TSMC (TSM.US), which was selected as one of Gelonghui’s “Global Vision” Top Ten Core Assets for 2026, continued to rise 1.09% in US pre-market trading today, reaching $389.95. The stock closed up 4.25% yesterday, hitting a record high and pushing its market capitalization past $2 trillions, with a cumulative increase of about 27% this year. In terms of news, Apple announced yesterday that it will expand its factory operations in Houston, USA, marking the first time that future production of the Mac mini will be moved to the United States. In addition, by 2026, Apple is expected to purchase more than 100 millions advanced chips from TSMC’s Arizona plant, representing a significant increase compared to 2025. Furthermore, TSMC continues to signal robust AI demand. In its January earnings call, the company forecasted Q1 revenue to reach $34.6 billions to $35.8 billions, attributing this to the booming global AI industry. TSMC Chairman Mark Liu stated that customers have sent strong “demand signals” and have directly contacted the company to seek capacity. The latest news is that TSMC’s downstream AI chip clients, AMD and Nvidia, are also seeking business expansion. First, during the Spring Festival, Nvidia announced a multi-year strategic partnership with Meta, involving the deployment of millions of Blackwell and Rubin chips. Then, on February 24 local time, AMD announced a partnership with Meta, involving the deployment of 6 GW of AMD Instinct GPUs.