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AI Frenzy Seen Powering TSMC’s Rally From Overbought Levels

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March 7, 2024, 5:51 a.m. | Jeanny Yu

Bloomberg Technology bloomberg.com

The blistering gains of Taiwan Semiconductor Manufacturing Co. have sent the chipmaker to the most overbought level in three years, but its critical role in artificial intelligence suggests investors may find it too early to abandon the rally.

artificial artificial intelligence chipmaker intelligence investors manufacturing rally role semiconductor semiconductor manufacturing tai:2330 taiwan tsmc

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