TSMC Stock Jumps on Better-Than-Expected Q4 Profit, Bullish AI Outlook

U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. (TSM) rose 4% in premarket trading Thursday after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for artificial intelligence (AI) demand. TSMC, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), posted profit of 374.68 billion New Taiwan dollars ($11.37 billion), a 57$14.45 ($0.44) per share. Analysts polled by Visible Alpha ...