Why TSMC Stock Is Jumping Today
TSMC(TSM) The Motley Fool·2024-06-12 19:15Bullish macroeconomic data and AI momentum are boosting the semiconductor leader's valuation.Taiwan Semiconductor Manufacturing (TSM 4.50%) stock is making big gains in Wednesday's trading. The chip fabrication leader's share price was up 4.8% as of 2: 15 p.m. ET, according to data from S&P Global Market Intelligence.While there wasn't much in the way of business-specific news pushing the company's share price higher, TSMC stock benefited from some favorable economic data and an ongoing rally for artificial ...