Why Shares in Taiwan Semiconductor Surged Again This Week

It's been a super year for investors in Taiwan Semiconductor Manufacturing (TSM 5.39%). At the time of writing, the stock is up 43% this year and increased by 11.4% in the week ending Friday, according to data provided by S&P Global Market Intelligence.This week's move comes amid more positive news that encouraged investors to believe the semiconductor industry is set for an upswing in 2024, driven by demand for high-performance computing for artificial intelligence (AI) applications.Taiwan Semiconductor's ...