Record Highs in US Stock Market Funds Flocking to AI Stocks Cryptocurrencies Losing Appeal
Broadcom (code AVGO) and TSMC ADR shares rose by 5.41% and 2.74% respectively yesterday. Broadcom’s AI chips helped its second-quarter revenue soar, leading to continuous sharp increases in recent days and the announcement of a 1-for-10 stock split plan. According to the supply chain sources, TSMC plans to raise prices, with prices for the 3nm process increasing by over 5% and advanced packaging by 10-20%. TSMC’s 3nm supply is in short supply, with Apple, NVIDIA, and other seven major customers fully booked, expecting orders to be filled until 2026. TSMC also surged by nearly 3% at the opening today, reaching a historical high of 950 yuan.