Taiwan Semiconductor Manufacturing is trading 2.8% up at $420.20 after fresh financial data reinforced its role as a critical foundry supplier for the global AI industry.
- Consolidated net revenue for May 2026 rose 30.1% year-over-year and 1.5% month-over-month, underscoring sustained demand for advanced chips and AI-related hardware.
- The stock's performance is further bolstered by a broader rally in U.S. indices, which have gained more than 1% to create a supportive macroeconomic environment for the semiconductor sector.