US stocks hit new highs, TSMC ADR surges; analysts expect Taiwan stocks to challenge records

Driven by a tech rally in US markets, the S&P 500 and Nasdaq reached new record highs. TSMC's ADR rose 4.48% and UMC's ADR jumped 7.6%, pushing Taiwan stock futures up by 723 points. Analysts note that robust performance and increased capital expenditures from major cloud providers are significantly boosting Taiwan's AI supply chain. This strong hardware demand is expected to drive the local stock market higher to challenge historical records, though investors should remain cautious about potential profit-taking pressure.