Why TSMC, KLA, and Lam Research Stocks All Popped on Monday

Good news from Taiwan's Hon Hai Precision Industry company (better known as Foxconn) spread to the benefit of semiconductor stocks in general today. Foxconn reported 15% sales growth in Q4 2024, to $63.9 billion, a number that CNBC characterized as "bumper sales performance." The implied strong demand for AI semiconductor chips launched shares of Taiwan Semiconductor Manufacturing Company (TSM 5.58%) to an all-time high at Monday's opening bell. As of 10:35 a.m. ET, TSMC stock remains up a solid 4.9%. Share ...