Semiconductor Stock Surges on May Net Revenue Data

Asia-based chip maker Taiwan Semiconductor Manufacturing Co Ltd. (NYSE:TSM) is surging today, up 2.5% to trade at $212.17 at last glance. TSM is climbing on the back of upbeat net revenue for May. Though numbers were 8.3% lower than April, year over year the equity is enjoying a nearly 40% increase. The equity is eyeing its seventh-straight gain and longest daily win streak since December 2023. TSM is also now trading at its highest level since late January and sports a year-to-date gain of 7.5%, now signif ...