TSMC stock price jumps as AI spending bets return; traders eye Tuesday sales update
TSMC’s U.S.-listed shares surged 5.5% to $348.85 on Friday, tracking a rally in chip stocks driven by expectations of increased AI data-center spending. Taipei-listed shares closed up 0.85%. The company will report January sales on Feb. 10, a key update for investors after a volatile week in tech markets.