🟢 TSMC is trading 5% up today on AI chip demand and peer earnings strength

TSMC is trading at $413.72 (+4.90%) as tech stocks lead a broader market rally fueled by robust AI chip demand.

• Shares are outperforming yesterday's close of $394.41, tracking massive gains in peers like AMD and SMCI following standout earnings reports.
• Broader sentiment is supported by cooling labor data and easing geopolitical tensions, which have lowered oil prices and increased hopes for Fed rate cuts.
• While no company-specific news was released today, recent reports of capacity constraints continue to highlight the company's central role in the AI surge.