Tag: Overbought

AI Frenzy Seen Powering TSMC’s Rally From Overbought Levels

(Bloomberg) — 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. Most Read from Bloomberg TSMC, whose chips are used by some of the world’s most […]