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TSMC Outlook Drives $165 Billion Chip Rally in 2024 Rebound Bet

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Jan. 19, 2024, 12:31 a.m. | Jane Lanhee Lee, Kurt Schussler

Bloomberg Technology bloomberg.com

Semiconductor stocks from Tokyo Electron Ltd. to Nvidia Corp. gained more than $160 billion of market value after Taiwan Semiconductor Manufacturing Co.’s outlook for capital spending and revenue lifted hopes of a broad tech recovery in 2024.

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