Why Taiwan Semiconductor Stock Is Jumping This Week

Taiwan Semiconductor Manufacturing (TSM -0.72%) is making big gains again this week. The chip fabrication leader's share price had climbed 14.5% from last week's market close as of 11:15 a.m. ET this Friday, according to data from S&P Global Market Intelligence.While there wasn't any business-specific news pushing TSMC stock higher this week, the semiconductor manufacturing specialist's valuation is getting a boost from an overall industry backdrop that continues to look increasingly favorable. In particula ...