Why Taiwan Semiconductor Stock Was Climbing Today

Shares of Taiwan Semiconductor Manufacturing Corporation (TSM 4.97%) were moving higher Thursday after the world's largest contract chip manufacturer posted better-than-expected results in its fourth-quarter earnings report.As of 12:20 p.m. ET, the stock was up by 5.2%. TSMC can't be stoppedTSMC has been a big winner amid the AI boom and a broader recovery in the chip sector, and that momentum continued in the fourth quarter.Revenue in the period jumped 38.8% to $26.9 billion, topping analysts' consensus es ...