TSMC leads chip stocks higher on AI-driven earnings beat
Taiwan Semiconductor Manufacturing Company (TSM) shares jump after the company reported better-than-expected quarterly earnings and lifted its sales outlook on artificial intelligence (AI) demand. The results eased some concerns about a slowdown in AI-related growth, driving names like Nvidia (NVDA), Super Micro Computer (SMCI), Micron (MU), and other semiconductor stocks higher. Morning Brief Hosts Seana Smith and Brad Smith take a closer look at TSMC’s results and moves in the chip sector. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
