Taiwan’s boom a leveraged bet on AI irrational exuberance

Taiwan has just vaulted past India to become the world’s No. 5 stock market, powered by an AI boom that’s fused investor frenzy with the dominance of the planet’s most critical chipmaker. The catalyst is unmistakable: Taiwan Semiconductor Manufacturing Co., up 46% this year, pulling the entire market — and the economy — upward with it.
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