Taiwan Semiconductor Manufacturing Company (TSMC), trading under the ticker $TSM, experienced a rise of 0.98%, closing at $202.96. The stock achieved a Composite Rating of 97 and is currently forming a Cup with Handle pattern, accompanied by a notable 35% surge in trading volume. This upward movement follows a positive development in the semiconductor sector, particularly after Broadcom ($AVGO) reported an increase in AI chip sales. Analysts are optimistic about TSM's potential, with some indicating that a breakout above the $205.44 level could lead to a return to all-time highs. The semiconductor sector's resilience has been highlighted, with TSM being viewed as a leading candidate for further gains as the market evolves into 2025.