Why Taiwan Semiconductor Manufacturing Rallied Today
Stocks did well today, but tech stocks did even better, and semiconductor stocks did even better than that. Shares of the leading semiconductor foundry were surging today, up 6.5% as of 2:56 p.m. ET. The company, also known as TSMC, actually had muted performance to start the week amid news that Warren Buffett's Berkshire Hathaway had completely sold out of the stock last quarter, as reported in a filing Monday night.