🌟🌟🌟The biggest news for Semiconductor stocks this week is $Taiwan Semiconductor Manufacturing(TSM)$ . TSMC's sales surged 45% due to AI Chip demand. CEO CC Wei said that AI is so hot right now. TSMC is the company behind the majority of the world's most advanced chips. TSMC reported revenue of NT 256.95 billion, or USD 7.9 billion for July 2024, up 23.6% from June and up an impressive 44.7% from the previous year. In June, TSMC reported its net revenue in May grew 30% year over year to USD 7.1 billion. Sales from January through July amounted to NT 1,523.11 billion - up 30.5% from the same period last year. In July TSMC beat analysts expectations for the 2nd quarter. It