Taiwan Semiconductor ADR premium over Taiwan stocks hits a 16-year high! Analysts warn it may indicate overheating in the U.S. stock market
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The price gap between TSMC's American Depositary Receipts (ADR) and its stocks listed in Taipei has reached a new high in 16 years, with analysts warning that this may indicate overheating in the U.S. stock market. Data shows that the premium for TSMC ADR in July was 24%, significantly higher than the ten-year average of 7.4%. Analysts point out that increased investor attention on TSMC's role in the global AI supply chain has led to a rise in ADR demand, while supply remains relatively fixed, causing the premium to widen. This phenomenon may suggest a bubble risk in the U.S. market
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