TSMC shares jump to record high as Taiwan eases single-stock investment caps for funds

tsmc shares hit a new record high on thursday, extending gains after taiwan relaxed single-stock investment limits for domestic funds. the chipmaker last week reported first-quarter profit up 58% from a year earlier. the taiwan financial supervisory commission raised the cap on how much a single fund can invest in one stock, which directly benefits tsmc — it already makes up a large share of many taiwanese equity funds. the stock has been climbing on sustained demand for ai chips, with tsmc being the sole manufacturer of nvidia's and amd's most advanced processors.