Chip Stocks Are Soaring. An Industry Giant's Results Sent This Signal About AI Demand

Key Takeaways Taiwan Semiconductor Manufacturing Co. reported quarterly results that topped analysts' estimates, with revenue setting another record high.The chipmaker's stock and others in the semiconductor industry surged Thursday following the results. Semiconductor stocks rallied Thursday morning, after stronger-than-expected results from an industry giant pointed to growing demand for AI hardware. Taiwan Semiconductor Manufacturing Co. (TSM), the largest contract chipmaker in the world, said Thur ...