Taiwan Semiconductor Stock Scores New Record After Earnings

Taiwan Semiconductor (NYSE:TSM) stock is driving the chip sector higher today, and near the top of the Nasdaq-100 Index (NDX). The semiconductor company reported third-quarter profit that topped analyst estimates. Taiwan Semiconductor also expects annual revenue growth in the last three months of the year, with artificial intelligence (AI) driving demand. The shares are up 20% to trade at $207.94, on track for their best single-session gain since May 2023. TSM -- a Schaeffer's Top Pick for 2024 -- earlier h ...