---
title: "Hot topic on WSB: Taiwan Semiconductor breaks $700 billion, hitting a 30-year high!"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/109239869.md"
description: "Taiwan Semiconductor currently ranks ninth in the world in terms of market value, which is approximately 2.3 times that of the largest A-share company, CHINA MOBILE."
datetime: "2024-03-05T09:13:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/109239869.md)
  - [en](https://longbridge.com/en/news/109239869.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/109239869.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/109239869.md) | [繁體中文](https://longbridge.com/zh-HK/news/109239869.md)


# Hot topic on WSB: Taiwan Semiconductor breaks $700 billion, hitting a 30-year high!

NVIDIA, AMD, SMCI, and other popular stocks hit new highs overnight.

Some AI concept stocks surged, with small-cap companies BBAI and GFAI rising by 25% and 15% respectively. For more information:

[**WSB Hot Topic | AI Concept Stocks Can't Hold Back Anymore! AI Heat Keeps Rising**](https://longportapp.com/en/news/109134087)

Benefiting from the AI wave driving chip demand, TSMC (SMCI) surged nearly 6% intraday and closed with a 3.26% increase, reaching a new high since the beginning of 2022 and a 30-year high:

Currently, TSMC ranks ninth globally with a market value of $717 billion (approximately 5.16 trillion RMB), about 2.3 times the market value of China Mobile, the largest A-share company (2.24 trillion RMB). Since releasing its financial report in January, TSMC has accumulated a 40% increase.

Recently, BTC has been steadily rising, and blockchain concept stocks continue to be on the rise. MSTR surged 23.6% overnight, hitting a historical high, while MARA fell by nearly 5%.

Nio will release its earnings report before the US stock market opens today, with the stock price currently at $5.33, near a 3-year low and far from its historical peak of $66.99. For more information:

[**Outlook | What to Look for in Nio's Quarterly Report? Is the Net Loss Expected to Continue Narrowing?**](https://longportapp.com/en/news/109139695?force=1&app_id=longbridge)

Data Source: apewisdom, the most discussed stocks in the past 24 hours

Note:

The Wall Street Bets channel on Reddit (WSB) was created in 2012. This investment community has attracted over 14 million users and is a gathering place for retail investors to discuss US stocks. The stocks discussed in this channel are often the hottest at the moment. Due to the channel's influence, stock prices may fluctuate.

Risk Warning:

WSB-discussed stocks, especially for small companies (such as GME and AMC in 2021), may experience significant fluctuations due to retail investors' interest or abandonment. Please be cautious of the risks involved.

### Related Stocks

- [Taiwan Semiconductor Manufacturing Company Limited (TSM.US)](https://longbridge.com/en/quote/TSM.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Advanced Micro Devices, Inc. (AMD.US)](https://longbridge.com/en/quote/AMD.US.md)
- [Super Micro Computer, Inc. (SMCI.US)](https://longbridge.com/en/quote/SMCI.US.md)
- [BigBear.ai Holdings, Inc. (BBAI.US)](https://longbridge.com/en/quote/BBAI.US.md)
- [Guardforce AI Co., Limited (GFAI.US)](https://longbridge.com/en/quote/GFAI.US.md)
- [Strategy Inc (MSTR.US)](https://longbridge.com/en/quote/MSTR.US.md)
- [NIO Inc (NIO.US)](https://longbridge.com/en/quote/NIO.US.md)
- [NIO-SW (09866.HK)](https://longbridge.com/en/quote/09866.HK.md)
- [MARA Holdings, Inc. (MARA.US)](https://longbridge.com/en/quote/MARA.US.md)

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- [Why Is Vanguard Total Stock Market ETF (VTI) Rising Today, 3/31/26?](https://longbridge.com/en/news/281211233.md)
- [Why Nvidia And Tesla Are Suddenly Knocking On Samsung's Door](https://longbridge.com/en/news/280999748.md)
- [Why Marvell stock jumped today](https://longbridge.com/en/news/281272092.md)
- [TSMC faces broad 3nm capacity shortage, fueling supply chain battle](https://longbridge.com/en/news/280962010.md)