Taiwan Semiconductor Mfg. Co. Ltd. vs TeraWulf Inc — how do they compare? Taiwan Semiconductor Mfg. Co. Ltd. trades at $424.89 (market cap $1.88T), while TeraWulf Inc trades at $19.94 (market cap $9.35B). The key difference: Taiwan Semiconductor Mfg. Co. Ltd. is far larger — about 201.1× TeraWulf Inc's market cap, and Taiwan Semiconductor Mfg. Co. Ltd. pays a 0.94% dividend while TeraWulf Inc pays none. Which is the better fit depends on your goals.
| TSM | WULF | |
|---|---|---|
Market Cap | $1.88T | $9.35B |
Sector | Technology | Technology |
52-Week High | $477.57 | $28.98 |
52-Week Low | $227.33 | $4.76 |
Enterprise Value | $1.81T | $12.03B |
Dividend Yield | 0.94% | — |
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WULF trades at $18.86, up 3.85% today, but remains in a bearish technical trend. The company reported a net loss of -$661.42M in 2025 with a -611.46% net margin, though it secured a significant 20-year, $19B AI infrastructure deal with Anthropic. Analyst consensus is unanimously bullish with a $37.22 price target, citing long-term AI data center growth potential despite near-term profitability challenges.
The outlook hinges on successful execution of the Anthropic partnership to drive future revenue, but high valuation multiples and persistent losses pose substantial risks. Investors face volatility from operational cash burn and sector sentiment swings, requiring careful risk assessment against transformative AI infrastructure opportunities.
Trailing returns across standard periods
Latest headlines on both assets
Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 57% market share in 2021 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.
Read more on TSM →TeraWulf develops, owns, and operates fully integrated digital infrastructure powered by predominantly zero-carbon energy. It utilizes a hybrid business model that combines industrial-scale Bitcoin mining with high-performance computing (HPC) and AI hosting, leveraging sustainable power sources like nuclear and hydroelectric to deliver low-cost, energy-efficient data center solutions.
Read more on WULF →