Why Artificial Intelligence (AI) Chipmaker Taiwan Semiconductor Manufacturing Charged Higher on Thursday
TSMC(TSM) The Motley Fool·2024-10-18 02:25
The foundry giant served up convincing evidence that the artificial intelligence (AI) revolution is far from over.Shares of Taiwan Semiconductor Manufacturing Company (TSM 10.68%), also known as TSMC, charged as much as 13.4% higher on Thursday. As of 2:13 p.m. ET, the stock was still up 11.4%.Driving the semiconductor specialist higher were its quarterly financial results, which came in ahead of expectations.AI continues to chug alongAfter the blistering share price rally that kicked off early last year, m ...