Why tsmc Is Trending Today?

Pictet Asset Management has launched new AI and clean-tech ETFs, bringing institutional megatrends to US investors. Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has expressed bullish views on the AI megatrend, boosting confidence in the sector despite mixed chip stock performance. Pictet has joined the $13 trillion ETF race, focusing on megatrends. Meanwhile, Nestlé has announced plans to slash 16,000 jobs. TSMC has raised its revenue forecast, citing a strengthening AI megatrend and profits that have surpassed expectations.