Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is pulling ahead of Nvidia Corp. (NASDAQ:NVDA) early in 2026, emerging as a standout winner in the global tech race while parts of the Magnificent Seven lose momentum.
Shares of the Taiwanese chipmaker giant jumped 4% during Thursday morning trading after the company delivered a bullish earnings report and outlook, pushing its year-to-date gain to roughly 10%. Meanwhile, Nvidia is down about 2% over the same period.
A Blowout Quarter For TSMC
TSMC’s fourth-quarter results crushed expectations across margins, profits, and forward guidance.
Gross margin hit 62.3%, well above the 60.6% estimate.
Management projected first-quarter …
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