AI Stock Hits Record Highs After Blowout Earnings Report

Shares of Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) are surging to record highs, leading the rest of the chip sector higher after a blockbuster earnings report. Amid strong demand for AI chips, the company posted record profit in its eighth consecutive quarter of year-over-year growth. The chip giant announced much better-than-expected fourth-quarter revenue and net income, lifted its full-year forecast, and also posted a significant increase in capital expenditure plans. At last glance, TSM was ...