Philly Semiconductor Index Surges, TSMC ADR Slightly Up; Investment Advisory: Taiwan Stocks Benefit from AI Essential Demand
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The Philadelphia Semiconductor Index surged by 2.35%, and TSMC's ADR saw a slight increase. Investment advisors point out that despite stagflation risks from rising oil prices, strong AI demand is expected to continue bolstering the Taiwan stock market, potentially pushing it past 40,000 points.