Prediction: TSMC Stock Will Soar After Aug. 26 Thanks to Nvidia’s Historic Quarter

Taiwan Semiconductor Manufacturing (NYSE:TSM) has clocked respectable gains of 35% on the stock market in 2026 so far. However, the foundry giant's returns pale in comparison to the 61% spike in the PHLX Semiconductor Sector index this year.

Popularly known as TSMC, the Taiwan-based foundry and semiconductor packaging specialist is one of the world's most important companies. It manufactures chips for tech giants such as Nvidia (NASDAQ:NVDA) , Qualcomm , Apple , Advanced Micro Devices , Sony , and many others. Importantly, TSMC has been growing at a robust pace this year, clocking a 37% increase in revenue in the first seven months.