Taiwan Semiconductor Manufacturing Co. rode the wind behind Nvidia Corp.'s record earnings on Friday.
U.S. shares of Taiwan Semiconductor Manufacturing Co. rode the wind behind Nvidia Corp.’s record revenue forecast to their best week in nearly a year and a half.
TSM TSM shares rose 12% Thursday as Nvidia Corp.’s stock NVDA soared in response to news of a wave on expected sales of chips used for generative artificial intelligence, then added another 2.2% Friday. The stock finished the week up 11.5%, the best percentage gain in a week since the one ending Jan. 14, 2022.
Read: Nvidia stock soars toward all-time high as record revenue forecast backed by ‘killer app’ of AI
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