Here's why Taiwan Semiconductor will be one of the biggest winners in the AI chip race.
Technology stocks were muted on Friday, in line with the broader market ahead of jobs data, which could be key to the Federal Reserve’s rate-cutting path. Taiwan Semiconductor Manufacturing American depositary receipts were up 0.6% in premarket trading. Nvidia uses TSMC’s tech to make the advanced AI chips that the likes of Microsoft and Alphabet are buying in huge quantities to upgrade their data centers.