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Taiwan Semiconductor Stock Smashes 52-Week High After Blowout January Sales
Taiwan Semiconductor Manufacturing Co. (TSM) reported a strong January revenue of $12.7 billion, a 36.8% year-over-year increase, driven by AI demand. This performance has led to a 2.87% rise in stock price, reaching a new 52-week high. Big Tech's increased capital expenditures, with Google and Amazon raising their forecasts, are boosting semiconductor stocks. Analysts predict the semiconductor industry could approach $1 trillion in annual revenue, fueled by AI and data center demand.
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