Why Taiwan Semiconductor, ASML, and Other Artificial Intelligence (AI) Semiconductor Stocks Rallied on Thursday

There's been an increased focus on the semiconductor industry since early last year. Investors have been enthusiastic about recent developments in the field of artificial intelligence (AI), which has sparked a flurry of activity in the space. These powerful algorithms are highly dependent on hardware that features the most advanced processors, which has buoyed much of the sector. However, after a sharp run-up, many AI stocks have been treading water over the past several months as investors have waited for evidence the trend still has room to run.With that as a backdrop, it's noteworthy that in trading on Thursday, Taiwan Semiconductor Manufacturing (NYSE: TSM) had climbed by 1.9%, ASML Holding (NASDAQ: ASML) had rallied 3.7%, and Indie Semiconductor (NASDAQ: INDI) had jumped 7.4% as of 12:46 p.m. ET.A check of all the usual suspects -- regulatory filings, financial reports, and changes to analysts' price targets -- turned up nothing in the way of company-specific news to explain those stock price increases. This suggests that investors were reacting to the financial results from another player in the AI revolution, and that the news was good.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool