Why Taiwan Semiconductor Manufacturing Stock Was Climbing Today

Shares of Taiwan Semiconductor Manufacturing (TSM 2.70%) were one of several artificial intelligence (AI) stocks moving higher today, a broad response to President Trump's announcement of the new Stargate AI infrastructure project yesterday afternoon.As of 12:27 p.m. ET, TSMC stock was up 2.9%. Billions are set to pour into AI chipsYesterday, President Trump announced a new AI infrastructure project called Stargate, bringing together the leaders of Oracle, OpenAI, and Softbank, the Japanese tech mega-invest ...