Taiwan Semiconductor is trading at $72,550, up 3.1% today, tracking a sharp rebound in semiconductor and AI-related shares ahead of major Big Tech earnings.
- The move follows a broader rally in the chip sector, with the SOXX semiconductor ETF climbing over 4%.
- Broader market indices, including the Nasdaq and S&P 500, are also trading higher as sentiment improves across the tech sector.
- The gain appears primarily sector-driven, as no new company-specific news has emerged since last week's record-profit report and subsequent capex-related selloff.