TSMC Outlook Drives $165 Billion Chip Rally in 2024 Rebound

(Bloomberg) -- 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.Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmAirstrikes on Yemen Bring

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