Chip stocks rally as TSMC forecasts strong AI demand for “many years.”

Optimism about AI demand in Taiwan Semiconductor Manufacturing Company's (TSM) stunning third-quarter earnings boosted chip stocks on Thursday. TSMC reported quarterly profit of 325.3 billion new Taiwan dollars ($10.1 billion), up 54% from a year earlier, beating Wall Street forecasts….

Chip stocks rally as TSMC results point to strong AI demand

Why TSMC is a “leading ring” for the AI ​​industry

Taiwan Semiconductor Manufacturing Company (TSM) leads chip stocks after reporting better-than-expected third-quarter results and raising its 2025 revenue forecast. The earnings surge appeared to boost investor confidence in artificial intelligence (AI) after ASML Holding (ASML) cut its forecast, causing semiconductor…