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Why Taiwan Semiconductor Stock Was Gaining Today

TheMotleyFool 
0 0 08.03.24
Why Taiwan Semiconductor Stock Was Gaining TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png
 

Shares of Taiwan Semiconductor (NYSE: TSM) were moving higher today after the company reported February revenue that showed growth was accelerating year over year from January to February.

The news seemed to be the latest confirmation that TSMC is seeing strong demand for AI-related chips even at a time when , its biggest customer, is reporting sales headwinds in China.

As of 11:38 a.m. ET, the stock was up 1.1% after gaining as much as 6.1% earlier in the session.

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Source Fool.com

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