Apple is cited as an example of a major AI company reliant on TSMC's semiconductor manufacturing capabilities.
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India Drops to 7th as Largest Stock Market, Here's Why? | CA Rachana Ranade | #shorts
Jun 6, 2026
India's stock market has fallen to 7th globally, overtaken by Taiwan and South Korea, primarily due to the AI boom. Taiwan's TSMC and South Korea's Samsung and SK Hynix have surged on AI demand, while India lacks a comparable AI hardware giant. Foreign investor outflows and slower earnings growth also contributed to India's decline.
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Nvidia is mentioned as a major AI company that depends on TSMC chips, indicating its involvement in the AI hardware ecosystem.
TSMC's valuation surged due to its critical role in AI chip production, driving Taiwan's stock market higher.
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TSMbuy opened Jun 6, 2026
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