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Benzinga
Benzinga
Business
Anusuya Lahiri

Taiwan Semiconductor Surges Past 52-Week High As AI Boom Fuels Record Market Rally

Taiwan Semiconductor Manufacturing Co

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) topped its 52-week high of $196.72 on Monday as the continued artificial intelligence frenzy spurred investor optimism.

Key client Advanced Micro Devices (NASDAQ:AMD) announced a landmark agreement with OpenAI to supply up to 6 gigawatts of AMD Instinct GPUs to power the AI leader's next-generation infrastructure.

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