Taiwan Semiconductor Manufacturing is trading 3.7% up at $430.38 as the stock rebounds from Friday’s sharp semiconductor selloff and tracks broader gains in technology indices.
- Investors are prioritizing ongoing AI-chip demand and sector-wide strength, looking past reports that Google and Nvidia are testing Intel’s foundry services to diversify their supply chains.
- The recovery highlights resilient market sentiment toward the company despite efforts by major tech clients to explore rival foundry options.