TSM Stock soars on AI Demand, Set for Record Profits

Shares of Taiwan Semiconductor Manufacturing Company (TSMC) experienced a significant rebound in premarket trading Monday, jumping over 5% after Friday’s losses. This surge is driven by the escalating demand for artificial intelligence infrastructure and geopolitical optimism surrounding US-China relations. Analysts expect TSMC’s Q3 results to be record-breaking, with profits anticipated to jump 28%, largely fueled by skyrocketing demand for advanced AI chips.